Venture Global Announces $15.1 Billion Financing for CP2 LNG Phase 1
ARLINGTON, Va.— Venture Global has announced the Final Investment Decision (FID) and financial close for Phase 1 of its CP2 LNG project, including the associated CP Express Pipeline. This $15.1 billion financing marks the largest standalone project financing ever completed in the LNG sector.
The CP2 LNG project is Venture Global’s third greenfield LNG development and will push the company to become the largest exporter of U.S. liquefied natural gas (LNG). This announcement follows an unprecedented achievement of four FIDs in less than six years, with over $80 billion in capital markets transactions.
Project Highlights
- Phase 1 peak production capacity of 28 million tonnes per annum (MTPA)
- Long-term contracts secured with customers across Europe, Asia, and other regions
- Total contracted capacity across all Venture Global projects now at 43.5 MTPA
- Strong participation from global banks with over $34 billion in lender commitments
- No outside equity required for financing
Industry Impact
With the CP2 LNG project set to start delivering LNG by 2027, Venture Global is playing a vital role in enhancing global energy security and supporting the energy transition. The project’s success demonstrates growing international confidence in U.S. LNG as a reliable and low-cost energy source.
“CP2 is the most advanced project at FID to date and will provide reliable American LNG to the world,” said Mike Sabel, CEO of Venture Global.
About Venture Global
Venture Global is a leading U.S. LNG producer and exporter with over 100 MTPA of capacity in operation, construction, or development. Its projects are located in Louisiana along the Gulf Coast, and the company is committed to integrating carbon capture technologies at its facilities.
Stay tuned for more updates on Venture Global’s exciting growth in the LNG market!