11:57 AM EDT, 03/13/2026 (MT Newswires) -- Venture Global ( VG ) said Friday it has closed an $8.6 billion financing for phase 2 of its CP2 liquefied natural gas project in Louisiana.

Phase 2 has drawn over $19 billion of commitments, adding to $34 billion of commitments for phase 1, the company said.

Combined with phase 1 financing, total project financing for the project is $20.7 billion, Venture Global ( VG ) said.

CP2, which will have peak capacity of 29 million tons per annum, has entered into long-term contracts for almost all its nameplate capacity with customers mostly in Europe and Asia, the company said.

Shares of Venture Global ( VG ) were up 2.8% in midday trading Friday.

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