Venture Global Approves CP2 LNG Phase 2 [Yahoo! Finance]
Venture Global, Inc. Class A common stock (VG)
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Source: Yahoo! Finance
This article was first published on Rigzone here Venture Global Inc has made a final investment decision (FID) to proceed with the second phase of the CP2 LNG project in Cameron Parish, Louisiana, whose phase 1 is still under construction. Concurrently the Arlington, Virginia-based developer said it has sealed $8.6 billion in financing for phase 2, which according to Venture Global would make the company the biggest exporter of United States liquefied natural gas (LNG). "When combined with the phase 1 financing for CP2 announced July 2025, this milestone represents the largest standalone project financing in the U.S. bank market", Venture Global said in an online statement. "The transaction garnered enormous interest from the world's leading banks, resulting in over $19 billion of commitments for phase 2 in addition to the previous $34 billion of commitments for phase 1, and required no outside equity investment". Venture Global said CP2 LNG's support from some of the world's
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