Overview

• Venture Global took final investment decision on CP2 Phase One after securing $15.1 billion in debt-only financing, marking the largest single-tranche project financing in U.S. LNG history.
• CP2 Phase One will add 28 million tonnes per annum of liquefied natural gas output by 2027, raising the company’s total contracted capacity to 43.5 MTPA across its three Louisiana projects.
• The CP Express Pipeline will link the Perryville Hub to Venture Global’s Cameron Parish terminal, integrating the project with Gulf Coast LNG infrastructure.
• The debt package drew over $34 billion in commitments from international banks including Bank of America, Barclays and BayernLB without requiring outside equity investment.
• Shares rose 5 percent as investors cheered the move that will push Venture Global’s export capacity to 67.2 MTPA, overtaking Cheniere Energy before the decade’s end.