Venture Global LNG Announces Capital Raise – Funding Round Brings Total Funding to Excess of $265 Million
WASHINGTON, D.C. – Venture Global LNG, Inc. announced the successful closing of its fourth round of equity investments, again through a private Reg. D transaction. The round also is notable for adding to the group of high profile, very large institutional investors in the company. The offering raised additional capital of $55 million, bringing the total capital raised to date to over $265 million. The proceeds will fund Venture Global’s LNG development activities for its proposed export facilities in Louisiana.
In a joint statement, Co-CEOs Mike Sabel and Bob Pender stated, “This latest equity raise is further affirmation that the market and investors recognize and value our company’s continued execution on significant project milestones, as well as our competitive advantage as the low-cost provider of North American LNG.”
Venture Global LNG is developing both the 10 MTPA Venture Global Calcasieu Pass facility on an approximately 1,000-acre site located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico, and the 20 MTPA Venture Global Plaquemines LNG facility in Plaquemines Parish, Louisiana on an approximately 630-acre site at river mile marker 55 on the Mississippi River, located 30 miles south of New Orleans, Louisiana.
About Venture Global LNG. Venture Global LNG plans to be a long-term, low-cost producer of LNG, capitalizing on low-cost natural gas production in the U.S. Venture Global LNG utilizes a highly efficient, mid-scale LNG liquefaction technology. More can be found at www.venturegloballng.com.