Venture Global LNG Raises Financing Bringing Total Capital to Over $210 Million
WASHINGTON, D.C. – Venture Global LNG, Inc. announced 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. The equity was purchased by institutional investors who collectively manage assets exceeding $1 trillion. The proceeds will fund Venture Global’s LNG export development in Louisiana. “With this new financial capital, we significantly strengthen our execution and delivery of lowcost, 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.” The Calcasieu Pass project will support the long-term development of clean and reliable North American energy supplies. This project will be built, operated and manufactured in Louisiana, and will create 1,500 construction jobs, 326 indirect jobs and 130 permanent jobs for the community. Full commencement of the Calcasieu Pass project’s operations is expected to take place in 2019.