Venture Global Secures $8.6B for CP2 LNG Expansion


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Venture Global said it has secured $8.6 billion in 
funding for the second phase of its CP2 LNG project, to reinforce its position 
as one of the largest U.S. exporters of liquefied natural gas.

   The expanded CP2 LNG terminal will have a peak export capacity of 29 million 
tonnes per annum, bolstering security for Venture Global's key markets across 
Europe and Asia, CEO Mike Sabel said in a statement issued Friday (3/13).

   With the new funding, Venture Global has drawn a total of $20.7 billion for 
the CP2 project.

   The company exported 1,409 trillion British thermal units (TBtu) last year, 
behind the 2,424 TBtu handled by Cheniere Energy, the largest U.S. LNG shipper.




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