Venture Global LNG Inc. has closed its fifth round of equity investment, again through a private Reg. D transaction. The offering raised additional capital of $15 million, bringing the total capital raised to date to over $280 million. Proceeds will fund Venture Global's LNG development activities for its proposed export facilities in Louisiana.
Venture Global continues its development plans for the 10 MTPA Venture Global Calcasieu Pass facility on an approximately 1,000-acre site located at the intersection of the Calcasieu Ship Channel and the Gulf of Mexico, and the 20 MTPA Venture Global Plaquemines LNG facility in Plaquemines Parish, Louisiana on an approximately 630-acre site at river mile marker 55 on the Mississippi River, located 30 miles south of New Orleans, Louisiana.