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Venture Global raises $3 billion towards building CP2 Louisiana LNG plant
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Venture Global raises $3 billion towards building CP2 Louisiana LNG plant
May 25, 2025 11:53 PM

HOUSTON, May 1 (Reuters) - Venture Global ( VG ) has

raised $3 billion in debt finance towards the construction of

its CP2 LNG plant in Louisiana, which would be the largest

single liquefied natural gas plant in the U.S., the company said

on Thursday.

Venture Global ( VG ) is the U.S.' second-largest LNG exporter and

has played a key role in making the country the world's largest

exporter of the superchilled gas.

The money raised will be used as part of the construction

costs for the CP2 facility, which will have capacity to produce

28 million tonnes per annum of LNG, Venture Global ( VG ) said.

"This new capital, on top of the more than $4 billion we

have already invested to date, will enable continued

fabrication, manufacturing and procurement at an accelerated

pace, similar to Plaquemines," said Venture Global's ( VG ) CEO Mike

Sabel, referring to another of the company's LNG export

facilities.

Two of the processing plants, also called trains, for the

CP2 export facility will arrive in the U.S. in the coming months

from Europe, Venture Global ( VG ) said in a statement.

The project is yet to receive a final financial go-ahead

from Venture Global ( VG ).

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