Venture Global Announces $15.1 Billion Project Financing for CP2 LNG.

Venture Global announces a final investment decision and successful closing of a $15.1 billion project financing for Phase 1 of CP2 LNG, making it the largest standalone project financing ever. This is the company's third project and is expected to make Venture Global the largest exporter of US LNG. The project represents an unprecedented milestone of four FIDs in less than six years, with over $80 billion in capital markets transactions.

Venture Global, a leading U.S. liquefied natural gas (LNG) producer, has announced a significant milestone in its expansion plans. The company has successfully reached a final investment decision (FID) and closed $15.1 billion in financing for the first phase of its CP2 LNG facility. This funding, the largest standalone project financing ever achieved in the energy sector, underscores the robust financial viability and strategic importance of the project [2].

The CP2 LNG facility, located in Cameron Parish, Louisiana, is expected to have a peak production capacity of 28 million metric tons per annum (MTPA). This substantial capacity will significantly bolster global LNG supplies, providing crucial energy security to importing nations. The project is part of Venture Global's ongoing strategy to expand its export capacity and solidify its position as a major U.S. LNG exporter [1].

This is the company's third project to receive a FID since January, marking an unprecedented milestone of four FIDs in less than six years. Venture Global has executed over $80 billion in capital markets transactions to date, demonstrating its ability to attract significant investment and secure financing for its projects [1].

The project financing attracted overwhelming interest from the global banking community, with commitments soaring to over $34 billion—more than double the required amount. The list of participating banks includes major financial institutions from North America, Europe, and Asia, signaling a broad consensus on the strategic importance and profitability of U.S. LNG [2].

The successful closure of this $15.1 billion project financing is a testament to the strong balance sheet and highly de-risked project profile of Venture Global. The company's ability to secure full financing through debt, backed by its existing long-term Sales and Purchase Agreements (SPAs) with reputable international buyers, demonstrates the company's robust financial standing and the projected revenues from the contracted LNG volumes [2].

The CP2 LNG facility, along with its associated CP Express Pipeline, is expected to lift Venture Global's export capacity to 67.2 million MTPA by 2027, from the current 39.2 million MTPA. This expansion will make Venture Global the country's top LNG export company ahead of Cheniere Energy [1].

Venture Global's CEO, Mike Sabel, expressed pride in the company's achievements, stating, "We are extremely proud to have taken FID on our third greenfield project in under six years with over $80 billion in capital markets transactions executed to date" [1].

The announcement of the CP2 LNG project follows positive financial decisions on two other U.S. LNG export facilities this year. Cheniere approved its midscale Trains 8 & 9, and Woodside Energy gave the go-ahead on its Louisiana project [1].

The industry has enjoyed strong global demand and policy support from U.S. President Donald Trump, who returned to office in January promising to unleash U.S. energy. The U.S. is the world's top LNG exporter with total capacity expected to reach 115 million MTPA this year [1].

References:

[1] Reuters. (2025, July 28). Venture Global on track to become biggest U.S. LNG exporter. Retrieved from https://www.reuters.com/business/energy/venture-global-okays-construction-cp2-lng-project-shares-rise-5-2025-07-28/

[2] Serras Group. (2025, July 28). Venture Global secures $15.1 billion for CP2 LNG project. Retrieved from https://serrarigroup.com/venture-global-secures-15-1b-for-cp2-lng-project/