Venture Global is a long-term, low-cost provider of U.S. The lenders who provided funding at closing are: Bank of America, N.A., Banco Santander, S.A., Bank of China, CaixaBank, S.A., Deutsche Bank AG, New York Branch, Goldman Sachs Bank USA, Industrial and Commercial Bank of China Limited, ING Capital LLC, JPMorgan Chase Bank, N.A., Landesbank Baden Württemberg, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Natixis, Nomura Securities International, Inc., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, The Bank of Nova Scotia and Truist Bank.īank of America, Goldman Sachs, ING, JP Morgan, Mizuho, Morgan Stanley and RBC served as Lead Banks to Venture Global for the transaction. Latham & Watkins LLP served as counsel to Venture Global and Skadden, Arps, Slate, Meagher & Flom LLP served as counsel to the lenders. The lender group for the company's construction financing includes the world's leading banks, spanning multiple continents. #Venture global full#In addition, the company has executed 20-year Sales and Purchase Agreements (SPAs) for 80% of the full 20.0 MTPA project. Plaquemines LNG phase one customers include PGNiG, Sinopec, CNOOC, Shell and EDF phase two customers announced to date include ExxonMobil, PETRONAS and New Fortress Energy. Marketing is actively underway for the company's third facility, CP2, and two SPAs with ExxonMobil and New Fortress Energy have already been executed for this project. Plaquemines LNG has received all necessary permits, including FERC authorization and non-FTA export authorization from the U.S. I would like to thank our customers, lenders, advisors, construction partners and local partners in Louisiana for their trust and support." Speed matters more than ever and Venture Global is uniquely positioned to quickly bring US LNG to the market to support global energy security and environmental progress. The project has attracted robust financial and commercial support which has enabled us to formally sanction this project at a critical moment for energy markets. "Plaquemines will build on the success of Calcasieu Pass, which broke global records for speed and execution. I want to thank our team for their tireless efforts to support this remarkable achievement," said Mike Sabel, CEO of Venture Global LNG. "The Venture Global team is proud to announce FID on our second project, Plaquemines LNG, just months after exports began at Calcasieu Pass.
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