US EditionVenture Global Announces Final Investment Decision and Financial Close for Phase 1 of CP2 LNG
LOUISIANA, JUL 28 – The $15.1 billion financing will expand Venture Global’s export capacity by 28 million tonnes per annum, positioning it as the largest U.S. LNG exporter by 2027.
- Venture Global reached a final investment decision and financial close for Phase 1 of the Calcasieu Pass 2 LNG project and the CP Express Pipeline, according to the company.
- Europe's drive to diversify away from Russian gas underpins the surge in global LNG demand, which is driving Venture Global's $15.1 billion financing for CP2 LNG.
- Venture Global’s stock rose 5% after the announcement, and Phase 1 alone brings total contracted capacity to 43.5 MTPA.
- That move will help Venture Global increase its LNG export capacity and advance its role in U.S. LNG production.
- Looking ahead, Phase 1 of the CP2 LNG project is expected to begin production shortly after the announcement.
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Venture Global okays construction of CP2 LNG project, shares rise 5%
By Curtis Williams (Reuters) -U.S. liquefied natural gas company Venture Global said on Monday it has decided to go ahead with the construction of its CP2 export facility in Louisiana after it closed $15.1 billion in financing for the first phase of the project. Venture Global’s stock rose 5% as investors cheered the decision, which promises to boost the company’s export capacity by more than 70% within two years. It is the third positive final …
Venture Global Goes All-In With $15 Billion CP2 LNG Bet
Venture Global has officially reached a final investment decision and financial close for Phase 1 of its CP2 LNG project and the associated CP Express Pipeline, securing $15.1 billion in debt-only financing
·London, United Kingdom
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Total News Sources16
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
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- 83% of the sources are Center
83% Center
L 17%
C 83%
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