Venture Global LNG Inc. closed two equity investments for a total of $125 million in new capital, the company said Feb. 11.
The amount will support LNG export facility development across the U.S., including Venture Global’s Calcasieu Parish Pass project in Cameron Parish, La., the Washington, D.C.-based company added.
The Calcasieu project is a liquefaction and export facility scheduled to begin operations in late 2019.
Domestic institutional investors provided the capital.
“With these private placements, we are closer to meeting our goals of exporting low-cost American LNG to global markets,” said William M. Wicker, CEO.“The new capital positions us well for continued expansion of our global management team, completion of our engineering and design work, execution of our FERC [Federal Energy Regulatory Commission] and other regulatory activities, further procurement efforts and securing long-term sales agreements.”
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