Country for PR: United States
Contributor: PR Newswire New York
Friday, June 28 2019 - 06:39
AsiaNet
Venture Global LNG Raises $675 Million of Additional Capital
ARLINGTON, Virginia, June 28, 2019 /PRNewswire-AsiaNet/ --

Venture Global LNG, Inc. announces that it has raised $675 million of 
additional capital from world-class institutional investors.  The capital will 
be used primarily for the further development of the company's 20 million 
tonnes per annum (MTPA) Plaquemines LNG export project in Plaquemines Parish, 
Louisiana.  In addition to the $855 million of capital previously raised at 
Venture Global LNG and the $1.3 billion project-level equity commitment from 
Stonepeak Infrastructure Partners for the company's Calcasieu Pass LNG project, 
Venture Global LNG has now raised total committed capital of over $2.8 billion 
to support the development of its LNG export facilities. 

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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." 

The 20 MTPA Plaquemines 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 in an identical 
configuration to its Calcasieu Pass LNG project, currently under construction 
in Cameron Parish, Louisiana. The Final Order for Plaquemines LNG from the U.S. 
Federal Energy Regulatory Commission (FERC) is currently scheduled to be issued 
no later than August 1, 2019.

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 total 
committed capital to-date of approximately $2.83 billion to support the 
development of its projects.  More can be found at www.venturegloballng.com.

SOURCE: Venture Global LNG

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 

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