Stonepeak Makes Equity Investment in Venture Global's Calcasieu Pass LNG

Venture Global LNG and Stonepeak Infrastructure Partnersannounced they have executed definitive agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment in Venture Global’s 10 million tonnes per annum Calcasieu Pass LNG export facility in Cameron Parish, Louisiana. This brings total committed capital to fund the construction of Calcasieu Pass and the continued development of Venture Global’s 20 MTPA Plaquemines LNG and 20 MTPA Delta LNG facilities to $2.2 billion.

Calcasieu Pass has received all necessary permits, including FERC authorization and Non-FTA export authorization from the U.S. Department of Energy. Over $250 million has been spent on site preparation work, final engineering and equipment purchases and fabrication. Venture Global expects to secure FERC and DOE authorizations for Plaquemines LNG in the third quarter of this year and start construction shortly thereafter.

Venture Global LNG Co-CEO Mike Sabel stated, “We are happy to announce this important milestone for Calcasieu Pass and very proud to partner with a world-class investor like Stonepeak. Their team brings a great depth of LNG knowledge and a track record of investing in exceptional infrastructure projects throughout North America.”