Venture Global announces FID, financial close for Phase 2 of CP2 LNG

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TipRanks

Sat, March 14, 2026 astatine 9:31 AM CDT 2 min read

Venture Global (VG) is announcing a last concern determination and closing of an $8.6B task financing for the 2nd signifier of the company’s 3rd project, Venture Global CP2 LNG. When combined with the Phase One financing for CP2 announced July 2025, this milestone represents the largest standalone task financing successful the U.S. slope market. The transaction garnered tremendous involvement from the world’s starring banks, resulting successful implicit $19B of commitments for Phase Two successful summation to the erstwhile $34B of commitments for Phase One, and required nary extracurricular equity investment. “We are highly arrogant to person taken FID connected the 2nd signifier of CP2, our 3rd greenfield project, bringing Venture Global’s executed superior markets transactions to much than $95B,” said CEO Mike Sabel. “The tireless dedication of our squad has enabled america to scope 5 last concern decisions successful little than 7 years, positioning america to go the largest U.S. exporter of LNG erstwhile CP2 is afloat online. With the Phase Two financing secured, we volition physique connected the beardown operation advancement already underway and present reliable American LNG to customers astir the world.” CP2 volition person a highest accumulation capableness of 29 MTPA and has contracted to merchantability astir each of its nameplate capableness connected a semipermanent ground with customers predominantly located successful Europe and Asia. Accordingly, CP2 is simply a strategically important task to planetary vigor proviso and security. Venture Global present has a full contracted capableness of implicit 49 MTPA, oregon astir each of its nameplate capacity, crossed each 3 of its projects successful Louisiana.

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