Venture Global has announced a definitive final investment decision (FID) for the second phase of its third project, Venture Global CP2 LNG, successfully closing an US$8.6 billion (AU$12.3 billion) project financing package.
Combined with the Phase One financing secured in July 2025, this milestone represents the largest standalone project financing ever recorded in the US bank market.
The transaction underscores the enormous global appetite for American energy infrastructure, with Phase Two alone attracting over US$19 billion (AU$27.1 billion) in commitments from the world’s leading financial institutions. The project required no outside equity investment, relying entirely on the strength of its debt markets.
The announcement marks the fifth FID reached by Venture Global in less than seven years, a pace of development seldom seen in the capital-intensive energy sector.
Mike Sabel, CEO of Venture Global, hailed the achievement as a testament to the company’s tireless dedication.
“With the Phase Two financing secured, we will build on the strong construction progress already underway and deliver reliable American LNG to customers around the world,” Sabel said.
He further noted that the company is on track to become the largest US exporter of liquefied natural gas once CP2 reaches full operational capacity.
Located in Louisiana, CP2 is designed with a peak production capacity of 29 million tonnes per annum (MTPA).
The project’s strategic importance is highlighted by its order book; nearly all of its nameplate capacity is already under long-term contracts with customers primarily situated in Europe and Asia.
Amidst ongoing shifts in the global energy landscape, the facility is poised to play a critical role in international energy security.
Across its three major Louisiana projects, Calcasieu Pass, Plaquemines LNG, and CP2, Venture Global now boasts a total contracted capacity exceeding 49 MTPA.
As Venture Global continues its vertical integration, spanning production, transport, and shipping, it is also developing carbon capture and sequestration (CCS) projects at each site, aiming to balance its massive export capacity with evolving environmental standards.
