Jan 21 (Reuters) - Venture Global LNG is preparing to

revise its proposed price range for its blockbuster initial

public offering, while also raising the number of shares it may

sell to investors, according to a source familiar with the

matter on Tuesday.

The company is considering a new price range of between $32

and $38 per share, versus its initial guidance of between $40

and $46 per share.

It may now also sell as many as 62 million shares in the

proposed New York stock market flotation, compared with its

original plan of 50 million shares.

The source spoke on condition of anonymity to discuss

confidential deliberations.