Venture Global LNG final investment decision for the second phase of Plaquemines LNG facility

Venture Global LNG announced today a final investment decision and successful closing of the $7.8 billion project financing for the second phase of the Plaquemines LNG facility. Phase one and phase two represent approximately $21 billion of investment. The company has issued a full notice to proceed to KZJV to continue construction on phase two of Plaquemines LNG. 
 
Plaquemines LNG is a planned LNG export facility in Plaquemines Parish, Louisiana, approximately 20 miles south of New Orleans. When fully developed, Plaquemines LNG will have an export capacity of up to 20 million metric tonnes per year. The 630-acre site is located on the Mississippi River, with approximately 1.3 miles of river frontage. In May of 2022 Venture Global LNG announced a final investment decision for the initial phase of Plaquemines LNG project and the associated Gator Express pipeline. Plaquemines LNG phase two customers include ExxonMobil, Chevron, EnBW, New Fortress Energy, China Gas, PETRONAS and Excelerate Energy.