Jul 25 | 2019
US$10 Billion Investment Secured
Investment group Venture Global has secured U$10 billion to develop the Calcasieu Pass LNG project in Cameron Parish, Louisiana.
The large-scale LNG plant is expected to drive significant breakbulk activity during the construction phase and through the development of the associated TransCameron pipeline.
“We are incredibly proud that the world’s leading project finance institutions have responded with such a validation of the quality of our structure and partners with outstanding terms and a significant oversubscription. The company has now secured more than $8.6 billion of capital and is continuing full construction and fabrication activity at Calcasieu Pass,” said Mike Sabel, co-CEO of Venture Global LNG.
The Calcasieu Pass has now Federal Energy Regulatory Commission authorization and non-free-trade agreement export authorization, as well as all necessary permits from the U.S. Department of Energy. Once complete the site will comprise two ship loading berths for LNG vessels carrying a capacity of up to 185,000 cubic meters of fuel.
The large-scale LNG plant is expected to drive significant breakbulk activity during the construction phase and through the development of the associated TransCameron pipeline.
“We are incredibly proud that the world’s leading project finance institutions have responded with such a validation of the quality of our structure and partners with outstanding terms and a significant oversubscription. The company has now secured more than $8.6 billion of capital and is continuing full construction and fabrication activity at Calcasieu Pass,” said Mike Sabel, co-CEO of Venture Global LNG.
The Calcasieu Pass has now Federal Energy Regulatory Commission authorization and non-free-trade agreement export authorization, as well as all necessary permits from the U.S. Department of Energy. Once complete the site will comprise two ship loading berths for LNG vessels carrying a capacity of up to 185,000 cubic meters of fuel.
