Venture Global LNG brings in USD 125 million

Venture Global LNG informed it has closed two rounds of equity investment bringing Venture Global to an aggregate of $125 million in new capital.

The equity investors consist of U.S. institutional investors who collectively manage assets over $130 billion, Venture Global LNG said in a statement. The proceeds from the equity investments will fund the development of LNG export facilities in the United States, including Venture Global’s Calcasieu Pass project in Cameron Parish, LA.

The Calcasieu Pass project will support the long-term development of clean and reliable North American energy supplies. Full commencement of Venture Global LNG’s operations is expected to take place in late 2019.

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Image: Venture Global LNG