Venture Global LNG Raises Additional Financing
Venture Global LNG announced today the successful closing of its third round of equity investment in a private Reg. D transaction. The offering raised additional financial capital of $84.5 million, bringing the total capital raised to over $210 million. Venture Global LNG is currently developing Calcasieu Pass, a liquefaction and export facility in Cameron Parish, Louisiana, south of the city of Lake Charles. Pending regulatory approval, the project will serve LNG markets by exporting ten million metric tonnes per annum of LNG to customers throughout the world.
“With this new financial capital, we significantly strengthen our execution and delivery of low-cost, reliable LNG to the world,” said William M. Wicker, CEO of Venture Global LNG. “Our investors recognize the competitive advantage of our low-cost model and our leadership in providing the best possible value for our global customers.”
According to Venture Global LNG the project will create 1,500 construction jobs, 326 indirect jobs and 130 permanent jobs for the community.