Venture Global LNG Inc. has closed its third round of equity investment in a private Reg. D transaction. The offering raised additional financial capital of $84.5 million, bringing the total capital raised to over $210 million. The equity was purchased by institutional investors who collectively manage assets exceeding $1 trillion. The proceeds will fund Venture Global's LNG export development in Louisiana.
Venture Global LNG is currently developing Calcasieu Pass, a liquefaction and export facility in Cameron Parish, Louisiana, south of the city of Lake Charles. Full commencement of the Calcasieu Pass project's operations is expected to take place in 2019.