Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project
Posted on May 29, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project
Venture Global LNG, Inc. (Venture Global) and Stonepeak Infrastructure Partners (Stonepeak) jointly announced that “they have executed definitive agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment” in Venture Global’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility under construction in Cameron Parish, La. According to the press release, this “brings total committed capital to fund the construction of Calcasieu Pass and the continued development of Venture Global’s 20 MTPA Plaquemines LNG and 20 MTPA Delta LNG facilities to $2.2 billion.”