Venture Global LNG

🚨NEW: America's 8th LNG Export Facility Achieves First Production 🇺🇸🇺🇸 Today, Venture Global announced it has reached first LNG production at the company’s second facility, Plaquemines LNG, in Port Sulphur, Louisiana. Achieving this milestone for a 20 MTPA nameplate capacity project 30 months from its Final Investment Decision (FID) makes Plaquemines LNG one of the two fastest greenfield projects to reach first production, along with Venture Global’s first facility Calcasieu Pass. Once fully operational, Plaquemines LNG will be among the largest facilities in the world. “Venture Global is proud to have a world-class team wholly dedicated to our company’s mission of innovating to provide reliable, low-cost, LNG to the world. Because of their hard work and commitment, Venture Global is executing on our promise to deliver much-needed LNG to our allies and strengthen global energy security and reliability. Reaching first LNG at Plaquemines at this pace will enable the United States to remain the top exporter of LNG in the world. Between current and planned facilities, Venture Global is prepared to invest $50 billion in energy projects based in the United States which will create jobs, support local economies, strengthen the balance of trade and unleash much needed US LNG supply to our allies,” said Venture Global CEO & Co-Founder Mike Sabel. Plaquemines LNG reached a Final Investment Decision on Phase One in May 2022, and on Phase Two in March 2023. Because of Venture Global’s unique configuration and construction approach, Plaquemines will produce and export LNG while construction and commissioning continues for the remainder of the project’s 36 trains and associated facilities, unlocking significant additional US LNG supply years faster than any other new suppliers of LNG to the rapidly growing global market. This incremental supply has proven to be a valuable geopolitical asset for the United States especially in recent years during a time of historically tight global LNG markets and project delays.

Venture Global LNG is proud to announced our new multi-year partnership with Monumental Sports & Entertainment, the Washington Capitals, Washington Wizards and Washington Mystics!

🚨NEWS: Venture Global LNG, Inc. (“Venture Global”) announced today that it has closed its inaugural offering of 3,000,000 shares of 9.00% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, with a $1,000 liquidation preference per share (the “Series A Preferred Shares”). Venture Global received aggregate gross proceeds of $3 billion.    The Series A Preferred Shares have no maturity date and may only be redeemed by Venture Global after September 30, 2029 or in certain limited circumstances prior thereto. The Series A Preferred Shares are not convertible into nor exchangeable for any other securities of Venture Global and rank senior to Venture Global’s existing common stock, and junior to Venture Global’s indebtedness.  Venture Global intends to use the net proceeds from the offering for general corporate purposes.

The first two brand new ships of Venture Global’s fleet have been loaded with LNG for the first time and are heading to Germany. To date, Venture Global has sent almost 50 cargoes to Germany and looks forward to many more through our long-term partnerships with EnBW Energie Baden-Württemberg AG and SEFE Securing Energy for Europe GmbH for supply from the future CP2 LNG 🇩🇪🇺🇸

🚨NEWS: Today, Venture Global announced the execution of a binding long-term terminal use agreement (TUA) with GASTRADE S.A. enabling the regasification and sale of liquefied natural gas (LNG) from Venture Global’s terminals in Louisiana to markets in Central and Eastern Europe. Under the agreement, Venture Global has secured approximately 1 million tonnes per annum (MTPA) of LNG regasification capacity at the new Alexandroupolis LNG receiving terminal in Greece for five years, beginning in 2025. Venture Global’s capacity will account for approximately 25% of the total terminal capacity, or approximately 12 cargoes annually. The new Alexandroupolis LNG FSRU receiving terminal and South-North ‘Vertical Corridor’ will be essential to enhancing Central and Eastern European energy security by providing a new route to bring alternative supplies of natural gas into the region. Critical energy infrastructure projects in Greece have been supported in part by European co-funding as well as the United States Government through the Development Finance Corporation (DFC).    “Venture Global is thrilled to expand our European regasification capacity at Greece’s new Alexandroupolis LNG terminal,” said Venture Global CEO Mike Sabel. “This move further integrates our business by growing our assets across the LNG supply chain including LNG production, shipping and regasification. As a major point of entry for LNG into Central and Eastern Europe, this strategically important infrastructure will be a game changer for the region’s ability to diversify their energy and access a secure and reliable energy supply. Venture Global is proud to support these efforts as a strategic partner with volumes from both Plaquemines LNG and the future CP2 LNG.” 

🚨NEW: Venture Global has announced a $6 Million donation to directly support an increase in the annual compensation of the 270 public school teachers and staff in Cameron Parish by approximately 15%. Read more⬇️ https://lnkd.in/ea7JEEAG

🚨NEW: Venture Global response to Shell-Funded Propaganda “Study” reported in the Financial Times

📍Plaquemines LNG

🚨NEWS: Venture Global Announces Closing of $1,500,000,000 Senior Secured Notes.

🚨NEWS: FEDERAL ENERGY REGULATORY COMMISSION APPROVES VENTURE GLOBAL’S CP2 LNG 🇺🇸   Arlington, VA-Today, Venture Global issued the following statement on the Federal Energy Regulatory Commission’s (FERC) approval of CP2 LNG, the company’s third export facility.    “Venture Global applauds the Commission and FERC staff for their independent and thorough review and approval of CP2 LNG,” said Mike Sabel, CEO of Venture Global LNG. “This project will be critical to global energy security and supporting the energy transition, as well as provide jobs and economic growth across Louisiana and the United States. We appreciate Commissioner Clements’ service on the Commission and look forward to continuing to work with Chairman Phillips, Commissioner Christie, and the newly confirmed commissioners as well the outstanding FERC staff. I’d like to thank the Venture Global team who has worked with professionalism and great resolve to answer all requests from our regulators. We look forward to a swift non-FTA approval from the U.S. Department of Energy for this project that is critical to both global and national security.”    To date, the initial phase of CP2 has been sold through 20-year sales and purchase agreements with ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, SEFE and EnBW. In addition, CP2 LNG has also recently signed an HOA with DTEK of Ukraine. Venture Global is in active discussions for the remaining capacity and has launched significant off-site construction of the project.