Venture Global LNG completes $4 billion senior notes offering

US LNG exporter Venture Global LNG said it had closed its $4 billion offering of senior secured notes.

The offering included a series of 9.5 percent senior secured notes due February 1, 2029 in an amount of $2.5 billion and a series of 9.875 percent senior secured notes due February 1, 2032 in an amount of $1.5 billion, according to Venture Global.

Venture Global said the notes were not registered under the Securities Act of 1933, or the securities laws of any state or other jurisdictions, and the notes may not be offered or sold in the US.

In May, Venture Global closed its $4.5 billion inaugural offering of senior secured notes.

Venture Global’s $4.5 billion senior secured notes offering in May and the latest offering of the notes, “represent the first and second largest high yield bond offerings in 2023, respectively,” the firm said.

The LNG exporter recently won approval to increase the peak workforce at the site of its Plaquemines LNG export plant in Louisiana.

Earlier this year, the firm sanctioned the second phase of the Plaquemines LNG export plant in Louisiana.

The full project, including the second stage, will have a capacity of 20 mtpa coming from 36 modular units, configured in 18 blocks.

Together, phase one and phase two represent about $21 billion of investment.

Once online, this will be Venture Global’s second LNG plant after the Calcasieu Pass plant in Louisiana.

Calcasieu Pass produced its first LNG on January 19, 2022, moving from FID to LNG production in 29 months, and the first commissioning cargo left the facility on March 1.

However, Venture Global has still not declared commercial operations at the facility and it recently filed with the US FERC seeking approval to put in service liquefaction blocks 7-9.

- Advertisements -

Most Popular

Delfin seals long-term LNG supply deal with Gunvor

Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, has signed a...

Interview: Maria Angelicoussis and Sveinung Stohle talk LNG fleet expansion plans

Greek shipping giant Angelicoussis has secured long-term charters for almost all of the newbuild LNG carriers it has ordered...

Origin: Australia Pacific LNG deliveries impacted as tanker loses power at jetty

Deliveries from the ConocoPhillips-operated Australia Pacific LNG plant on Curtis Island have been delayed as a loaded LNG tanker...

More News Like This

Shell, BP seek US and EU intervention in dispute with Venture Global LNG

Energy giants Shell and BP have asked the U.S.-EU Task Force on Energy Security to intervene in a dispute...

Venture Global LNG wraps up $1 billion senior notes offering

US LNG exporter Venture Global LNG has closed its $1 billion offering of senior secured notes. The offering included a...

Venture Global gets OK for Plaquemines LNG workforce boost

Venture Global LNG has received approval from the US FERC to increase the peak workforce at the site of...

Venture Global LNG says Calcasieu Pass liquefaction blocks 7-9 ready for service

US LNG exporter Venture Global is seeking approval from the US FERC to put in service liquefaction blocks 7-9...