Venture Global LNG Inc. has raised additional capital of approximately $81.4 million, in its sixth round of equity investment. The offering, a private Reg. D transaction, brings the company's aggregate funding total to $361 million.
The proceeds of this most recent Reg. D transaction will fund Venture Global's development activities for its proposed LNG export facilities in Louisiana. The company's fifth round of equity investment was closed in August 2016.
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acted as co-placement agents in connection with the offering.
Venture Global LNG plans to be a long-term, low-cost producer of LNG. Venture Global is developing LNG export terminals at both Plaquemines and Calcasieu Pass, totaling 30 MTPA of capacity.