Venture Global raises $3 Billion for CP2 Louisiana LNG Plant

Venture Global announced on Thursday that it had raised $3 billion to finance the construction of the CP2 LNG Plant in Louisiana. This would be the biggest liquefied gas plant in America.

Venture Global, the U.S. second largest LNG exporter, has played an important role in making this country the largest exporter worldwide of super-cooled gas.

Venture Global stated that the money raised would be used to pay for construction of the CP2 LNG facility. This facility will have a capacity of 28 million tonnes per year.

Venture Global CEO Mike Sabel said that the new capital will allow the company to continue fabrication, manufacturing, and procurement in a faster pace.

Venture Global announced in a press release that two of the processing trains for the CP2 facility, which are also known as plants, will arrive in America in the next few months.

Venture Global has not yet given the project a final approval.

(source: Reuters)