Venture Global LNG Raises $675 Million of Additional Capital 

Venture Global LNG announced today it has raised $675 million of additional capital from institutional investors. The capital will be used primarily for the further development of the company’s 20 million tonnes per annum Plaquemines LNG export project in Plaquemines Parish, Louisiana. In May Venture Global LNG and Stonepeak Infrastructure Partners announced agreementsunder which Stonepeak will provide a $1.3 billion equity investment in Venture Global’s Calcasieu Pass LNG export facility in Cameron Parish, Louisiana. Venture Global LNG has now raised total committed capital of over $2.8 billion to support the development of its LNG export facilities.

Co-CEOs Mike Sabel and Bob Pender jointly stated, “With the expansion of our Plaquemines LNG sales and purchase agreement (SPA) with PGNiG to 2.5 MTPA and in anticipation of additional near-term commercialization, we are excited to add significant new resources as we prepare to commence early works at Plaquemines later this year.”

Venture Global Calcasieu Pass is a planned LNG export facility in Cameron Parish, Louisiana. Venture Global Plaquemines LNG is a planned LNG facility in Plaquemines Parish, Louisiana, approximately 20 miles south of the Port of New Orleans.