By Manya Saini (Reuters) -LNG exporter Venture Global on Wednesday slashed the valuation it was seeking from its U.S. initial public offering to as much as $65.33 billion, significantly lower than the more than $100 billion it had initially aimed.

Liquefied natural gas producer Venture Global slashed the proposed range for its IPO on Wednesday, lowering the valuation it sought to ~$65B from the initial target of $110B at the top of the previous range.

The company plans to increase its share offering from 50 million to up to 62 million in its potential New York flotation.

European natural gas prices jumped back to €50/MWh on Wednesday, the highest level since the first trading day of the year, as freezing weather in Texas threatens exports of liquefied natural gas from the U.

More U.S. exports of liquefied natural gas (LNG) to Europe as called for by President Donald Trump will relieve tight global markets, reduce prices, and help traders diversify their supplies, the head