Momentum builds towards Calcasieu Pass FID
On 18 July 2019, Venture Global announced it had received binding commitments from a group of thirteen Asian, European and North American project finance banks to provide $5.8 billion in debt to finance construction of Calcasieu Pass LNG. The announcement is a further positive step for a project we expect to reach FID this year. The debt will be sold down in the retail market and therefore financing has not yet closed. However, this is a strong commitment from a core group of banks that suggests Venture Global has circled the debt it needs to build the 10 mmtpa project.