Venture Global gets another $460M for its LNG export facilities 

    I Squared Capital, through its ISQ Global Infrastructure Fund II, has invested $460 million in Venture Global LNG for development of the company’s LNG export facilities in Louisiana.

    I Squared Capital Managing Partner Gautam Bhandari says the investment gives I Squared  exposure to Venture Global’s entire pipeline of projects, which he says will “transform how LNG liquefaction facilities will be built in the future.”

    Venture Global LNG co-CEOs Bob Pender and Mike Sabel say the latest investment—part of a campaign announced in June to raise $675 million in equity—will support the development of the company’s pipeline of opportunities along the Gulf Coast.

    Venture Global LNG has begun construction of the 10 million tons per year Venture Global Calcasieu Pass facility at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico and is developing the 20 million tons per year Venture Global Plaquemines LNG facility 30 miles south of New Orleans on the Mississippi River, and the 20 million tons per year 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. Read the announcement.

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