Venture Global LNG said it has raised additional financial capital of $84.5 million, bringing the total capital raised to over $210 million.
The equity was purchased by institutional investors who collectively manage assets exceeding $1 trillion, the company said in a statement.
The proceeds will fund Venture Global’s 10 MTPA LNG export development in Cameron Parish, Louisiana, on the Calcasieu Pass, south of the city of Lake Charles.
Full commencement of the Calcasieu Pass project’s operations is expected to take place in 2019.
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LNG World News Staff; Image: Venture Global