Venture Global raises $675M in capital for Plaquemines LNG project

To further develop its Plaquemines LNG export project, Venture Global LNG has raised $675 million of additional capital from institutional investors. 

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.

When complete, the Plaquemines facility will employ a comprehensive process solution from Baker Hughes that utilizes highly efficient mid-scale, modular, factory-fabricated liquefaction trains in an identical configuration to Venture’s under-construction Calcasieu Pass LNG project.

This story originally appeared in 10/12 Industry Report. To get the latest on regional industry news, subscribe to the free 10/12 Weekly e-newsletter.