Venture Global LNG Inc.
Description
Venture Global LNG Inc. announced the final investment decision and closing of the project financing for the company's Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana. The proceeds of the debt and equity financing fully fund the balance of the construction and commissioning of Calcasieu Pass. Full site construction has been underway since February 2019, and the project is expected to reach its commercial operations date in 2022.
Stonepeak Infrastructure Partners provided a $1.3 billion equity investment for the project. The lender group for the company's $5.8 billion construction financing includes the world's leading Asian, European and North American project finance banks.