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  • Writer's pictureStaff @ LT&C

Venture Global LNG Secures $7.8 Billion Financing for Plaquemines LNG Phase Two

Venture Global LNG has made an official announcement regarding the Plaquemines LNG facility. The company has finalized its investment decision and secured project financing of $7.8 billion for the second phase of the project.

The Plaquemines LNG facility is an enormous investment, with the first and second phases combined representing a total of around $21 billion. The debt and equity financing that Venture Global LNG has secured will provide full funding for the construction and commissioning of the second phase of the project, which has a nameplate capacity of 20 million tonnes per annum.

Venture Global LNG has also given the green light for construction to continue on phase two of the Plaquemines LNG facility, issuing a full notice to proceed to KZJV. The CEO of Venture Global LNG, Mike Sabel, expressed his pride in the company's ability to commercialize, obtain financing, and build their projects in a highly competitive market.

Sabel thanked the company's customers, lenders, advisors, construction partners, and local partners in Louisiana for their continued support. He reiterated Venture Global LNG's commitment to delivering clean, low-cost US LNG to the global market in the years to come to meet the world's rapidly growing demand for energy.


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