USA’s Venture Global takes FID, secures $15.1 billion for CP2 LNG Phase 1

BATON ROUGE, July 28, 2025 – Venture Global has taken a final investment decision and closed USD 15.1 billion in project financing for Phase 1 of its CP2 LNG development in Louisiana, the company said on Monday.

The financing, which includes the CP Express Pipeline, is the largest standalone project financing ever and attracted more than USD 34 billion in commitments from 29 banks, including Bank of America, Deutsche Bank, Goldman Sachs, JPMorgan, Mizuho and Wells Fargo. No outside equity investment was required.

Phase 1 will have a nameplate capacity of 14.4 million tonnes per annum and is expected to begin delivering LNG in 2027. Its total peak capacity will be 28 MTPA, contributing to Venture Global’s contracted capacity of 43.5 million tonnes per year across its three Louisiana projects.

Long-term SPAs have been signed with buyers in Europe, Asia and other regions, reinforcing the strategic value of CP2 in global energy security. The financing follows USD 21 billion in FIDs for Plaquemines LNG Phases 1 and 2 in 2022 and 2023.

“Our significant early investments and work on the project make CP2 the most advanced project at FID to date,” Venture Global chief executive Mike Sabel said. “This project…is expected to deliver reliable American LNG to the world beginning in 2027.”

Venture Global is a US-based LNG producer and exporter with more than 100 million tonnes per year of capacity across projects in production, construction and development. The company operates from the US Gulf Coast and manages LNG production, natural gas transport, shipping and regasification. It also develops CO2 capture and sequestration projects at all its LNG sites.

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