HOUSTON, March 23 (Reuters) - Venture Global ( VG ) wants to

settle pending arbitration cases with energy companies that sued

it over the failure to provide them with LNG in a timely manner

from its Calcasieu Pass facility, CEO Mike Sabel said Monday

during a roundtable discussion on the sidelines of the CERAWeek

conference in Houston.

Venture Global ( VG ) expects to produce CP2 at 150% of name plate

capacity starting next year, he said, adding that the

company wants to sell more LNG on five-year contracts from

commissioning cargoes. The company could add 40 million metric

tons per annum of LNG from proposed expansions to its

Plaquemines and CP2 plants, Sabel continued.

Sabel said that even though the company has been granted

permission by the U.S. Department of Energy to increase its LNG

exports, he does not expect any more production than what was

already planned for the rest of the year.

(Reporting by Curtis Williams in Houston; Editing by Nathan

Crooks.)