-- $13.2 billion project financing formally sanctions the first domestic US
   LNG export project to reach financial close since Venture Global's Calcasieu
   Pass.

-- Largest project financing transaction in the world closed in 2022.

Today Venture Global LNG is announcing a final investment decision (FID) and 
successful closing of the $13.2 billion project financing for the initial phase 
(an upsized 13.33 MTPA) of the Plaquemines LNG facility and the associated 
Gator Express pipeline. This transaction represents the largest project 
financing in the world closed to date in 2022. The proceeds of the debt and 
equity financing fully fund the balance of construction and commissioning of 
the initial phase. This is the first LNG project located in the United States 
to reach financial close since Venture Global's Calcasieu Pass facility in 
August 2019.

Photo - https://mma.prnewswire.com/media/1825841/PLNG.jpg 

"The Venture Global team is proud to announce FID on our second project, 
Plaquemines LNG, just months after exports began at Calcasieu Pass. I want to 
thank our team for their tireless efforts to support this remarkable 
achievement," said Mike Sabel, CEO of Venture Global LNG. "Plaquemines will 
build on the success of Calcasieu Pass, which broke global records for speed 
and execution. The project has attracted robust financial and commercial 
support which has enabled us to formally sanction this project at a critical 
moment for energy markets. Speed matters more than ever and Venture Global is 
uniquely positioned to quickly bring US LNG to the market to support global 
energy security and environmental progress. I would like to thank our 
customers, lenders, advisors, construction partners and local partners in 
Louisiana for their trust and support."

Plaquemines LNG has received all necessary permits, including FERC 
authorization and non-FTA export authorization from the U.S. Department of 
Energy. In addition, the company has executed 20-year Sales and Purchase 
Agreements (SPAs) for 80% of the full 20.0 MTPA project. Plaquemines LNG phase 
one customers include PGNiG, Sinopec, CNOOC, Shell and EDF; phase two customers 
announced to date include ExxonMobil, PETRONAS and New Fortress Energy. 
Marketing is actively underway for the company's third facility, CP2, and two 
SPAs with ExxonMobil and New Fortress Energy have already been executed for 
this project.

The lender group for the company's construction financing includes the world's 
leading banks, spanning multiple continents. The lenders who provided funding 
at closing are: Bank of America, N.A., Banco Santander, S.A., Bank of China, 
CaixaBank, S.A., Deutsche Bank AG, New York Branch, Goldman Sachs Bank USA, 
Industrial and Commercial Bank of China Limited, ING Capital LLC, JPMorgan 
Chase Bank, N.A., Landesbank Baden Württemberg, Mizuho Bank, Ltd., Morgan 
Stanley Senior Funding, Inc., MUFG Bank, Ltd., Natixis, Nomura Securities 
International, Inc., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, 
The Bank of Nova Scotia and Truist Bank.

Bank of America, Goldman Sachs, ING, JP Morgan, Mizuho, Morgan Stanley and RBC 
served as Lead Banks to Venture Global for the transaction. Latham & Watkins 
LLP served as counsel to Venture Global and Skadden, Arps, Slate, Meagher & 
Flom LLP served as counsel to the lenders.

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from 
resource rich North American natural gas basins. Venture Global's first 
facility, Calcasieu Pass, commenced producing LNG in January 2022. The company 
is also constructing or developing an additional 60 MTPA of production capacity 
in Louisiana to provide clean, affordable energy to the world. The company is 
developing Carbon Capture and Sequestration (CCS) projects at each of its LNG 
facilities.

SOURCE  Venture Global LNG

CONTACT: Investor, Leah Woodward, +1 202 759-6746, lwoodward@vglng.com; Media, 
Shaylyn Hynes, +1 202 920-0964, shynes@vglng.com