Venture Global sanctions 10m tonnes per year US LNG project
The Calcasieu Pass project in the US Gulf of Mexico secures $1.3bn equity financing from Stonepeak Infrastructure Partners and $5.8bn debt financing from 13 banks. Baker Hughes, the main project contractor, proposes modularised construction to lower development costs
The LNG developer aims to bring Calcasieu Pass, the first of three projects it is pursuing along the US Gulf coast, online in 2022
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