A Virginia company’s goal to become an LNG powerhouse on the Gulf Coast is coming closer to reality. Venture Global has closed project financing for its $5.8 billion liquefied natural gas plant in Cameron Parish, Louisiana. It’s one of three LNG projects Venture Global has in the works on the Gulf Coast in competitive field filled with companies racing to bring America’s so-called “freedom gas” to the world.
Venture Global said Monday it has closed project financing for Calcasieu Pass LNG project and associated TransCameron pipeline in Cameron Parish, Louisiana. The proceeds of the debt and equity financing fully fund the balance of the construction and commissioning of Calcasieu Pass, Venture Global said in a Aug. 19 release.
Source: FuelFix
