Venture Global LNG has said that a $5.8 billion construction financing package for its Calcasieu Pass liquefied natural gas project in the US state of Louisiana has received binding commitments of $10 billion from global lenders, marking a key milestone for the project, writes Kathrine Schmidt.
The proceeds from that financing, as well as equity investments from Stonepeak Infrastructure Partners, will fund the construction and commissioning of the Calcasieu Pass facility and the associated TransCameron pipeline, the company said.
