NO. 1: Venture Global LNG Inc. has secured a $3 billion loan from 19 banks for development of its CP2 export terminal in Louisiana.
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The company initiated the final investment decision (FID) process for the project in March. CEO Mike Sabel said the facility is scheduled to receive its first two liquefaction trains soon. He added that $4 billion has already been invested in the project and said the loan would allow fabrication, manufacturing and procurement to continue at “an accelerated pace.”
CP2 is designed with a peak production capacity of 28 million tons/year (Mt/y).