Venture Global Obtains $10 Billion in Binding Commitments for its $5.8 Billion Calcasieu Pass LNG Project
Posted on Jul 23, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global Obtains $10 Billion in Binding Commitments for its $5.8 Billion Calcasieu Pass LNG Project
Venture Global LNG, Inc. announced that it has received over $10 billion in binding commitments for construction financing of its proposed $5.8 billion Calcasieu Pass LNG terminal in Cameron Parish, La. According to the press release, “the transaction is nearly two times oversubscribed, prior to retail syndication. The proceeds of the construction financing, along with the equity investment from Stonepeak Infrastructure Partners, will fund the construction and commissioning of the Calcasieu Pass facility and the associated TransCameron pipeline.” The lender group includes Asian, European and North American project finance banks.