$1.3B equity investment for La. LNG

ARLINGTON, Va. - Venture Global LNG and Stonepeak Infrastructure Partners of New York jointly announced May 28 executed definitive agreements under which Stonepeak will exclusively provide a $1.3B equity investment in Venture Global’s 10M tonnes per annum (MTPA) Calcasieu Pass LNG export facility in Cameron Parish, La., just south of Lake Charles. The investment brings a total committed capital to fund the construction of the Calcasieu Pass, and the continued development of Venture Global’s 20 MTPA Plaquemines (La.) LNG and 20 MTPA Delta LNG facilities to $2.2B. It’s a major financial boost for construction already underway. The facility is expected to begin supplying LNG to customers in 2022. (Source: Venture Global LNG 05/28/19) The 930-acre project site is located where the Calcasieu Ship Channel meets the Gulf of Mexico. The project site is secured under exclusive agreements for up to a 70-year term.