Venture Global LNG, Inc. ("Venture Global") and Stonepeak Infrastructure Partners ("Stonepeak") jointly announce that they have executed definitive agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment in Venture Global's 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility in Cameron Parish, Louisiana. This brings total committed capital to fund the construction of Calcasieu Pass and the continued development of Venture Global's 20 MTPA Plaquemines LNG and 20 MTPA Delta LNG facilities to $2.2 billion. Logo - https://mma.prnewswire.com/media/825434/VENTURE_GLOBAL_LNG_INC___Logo.jpg Venture Global LNG Co-CEO Mike Sabel stated, "We are happy to announce this important milestone for Calcasieu Pass and very proud to partner with a world-class investor like Stonepeak. Their team brings a great depth of LNG knowledge and a track record of investing in exceptional infrastructure projects throughout North America." Co-CEO Bob Pender added, "Calcasieu Pass is already significantly advanced in both site construction and module manufacturing, owing to the $855 million previously raised to date. We are finalizing the balance of our Calcasieu Pass financing with our consortium of project finance lenders, and we look forward to providing LNG to our global customers -- Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG -- in 2022." "We are long-term believers in the increasing importance of LNG as a global source of greener, cheaper energy and Stonepeak could not be more pleased to support Venture Global through the financing of this exciting project. Calcasieu Pass will be a critical provider of LNG to its blue-chip customer base and we look forward to supporting Venture Global, who we believe to be a global leader in developing low cost LNG production, in its efforts to bring cost-advantaged supply to new and existing markets," said Stonepeak Senior Managing Director Jack Howell. The 10 MTPA nameplate Venture Global Calcasieu Pass facility will employ a comprehensive process solution from Baker Hughes, a GE company (BHGE) that utilizes highly efficient mid-scale, modular, factory-fabricated liquefaction trains. Kiewit is designing, engineering, constructing, commissioning, testing and guaranteeing the Calcasieu Pass facility. Calcasieu Pass has received all necessary permits, including FERC authorization and Non-FTA export authorization from the U.S. Department of Energy, and construction activities are ongoing with over $250 million spent on site preparation work, final engineering and equipment purchases and fabrication. Venture Global expects to secure FERC and DOE authorizations for Plaquemines LNG in the third quarter of this year and commence construction shortly thereafter. Morgan Stanley served as the exclusive financial advisor for Venture Global LNG on this transaction and Latham & Watkins LLP served as Venture Global's legal counsel. Simpson Thacher served as legal counsel for Stonepeak. As part of the investment, Stonepeak Managing Director James Wyper will join the board of Calcasieu Pass. About Venture Global LNG Venture Global LNG is a long-term, low-cost provider of LNG to be supplied from resource rich North American natural gas basins. Venture Global LNG's liquefaction process system employs a highly efficient and reliable suite of products supplied by BHGE. Venture Global LNG has begun construction of the 10 MTPA Venture Global Calcasieu Pass facility at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico and is developing the 20 MTPA Venture Global Plaquemines LNG facility 30 miles south of New Orleans on the Mississippi River, and the 20 MTPA Venture Global Delta LNG facility, also on the Mississippi River south of New Orleans. Venture Global has raised approximately $2.2 billion of capital to-date to support the development of its projects. More can be found at www.venturegloballng.com. About Stonepeak Infrastructure Partners Stonepeak Infrastructure Partners (www.stonepeakpartners.com) is an infrastructure-focused private equity firm with over $15 billion of assets under management and with offices in New York, Houston and Austin. Stonepeak invests in long-lived, hard-asset businesses and projects that provide essential services to customers, and seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives. SOURCE Venture Global LNG, Inc. CONTACT: Venture Global investor contact: Leah Woodward, D: +1 202 759-6746, lwoodward@vglng.com; Venture Global media contact: Jessica Wickett, D: +1 202 759-6739, jwickett@vglng.com; Stonepeak contact: Daniel Schmitz, D: +1 212 907-5119, schmitz@stonepeakpartners.com