This transaction represents the largest project financing in the world closed to date in 2022. Venture Global LNG has announced the successful closing of the $13.2 billion project financing for the initial phase of the Plaquemines LNG facility and the associated Gator Express pipeline, along with a final investment decision (FID). This transaction represents the largest project financing in the world closed to date in 2022, according to Venture Global, which said the proceeds of the debt and equity financing fully fund the balance of construction and commissioning of the initial phase. This is said to be the first LNG project located in the U.S. to reach financial close since the company’s Calcasieu Pass facility in August 2019. The lender group for the company’s construction financing includes the world’s leading banks, spanning multiple continents, Venture Global noted. Plaquemines LNG has received all necessary permits, including FERC authorization and non-FTA […]