Calcasieu Pass awarded North American Deal of the Year

Calcasieu Pass funds modular LNG

PFI Yearbook 2020

Venture Global was able to pull off the first major project financing for modular LNG construction in the US. A total of US$5.8bn was raised for Calcasieu Pass LNG

Arlington, Virginia-based Venture Global was founded in 2013 by Bob Pender and Michael Sabel. Pender previously served as a partner at Hogan Lovells and was co-leader of the firm’s global energy and natural resources team and chair of its project and international finance group for a decade. Sabel was previously executive vice-president of First Sierra Financial, a publicly-traded commercial finance company. Prior to that he was a managing director with Friedman Billings Ramsey & Co in the investment banking group, and vice-president, investment banking, with Sandler O’Neil & Partners.

The company set out to deliver LNG projects with a modular, mid-scale construction with the idea that they could be built quicker than the few that were coming to market at the time from Cheniere Energy and Freeport LNG.