Venture Global CP2 LNG ( CP2 ) has secured commitments from 19 banks for a US$3 billion loan to continue manufacturing, procurement and engineering on its natural gas liquefaction and export facility, begun in early 2023, to be located alongside the Calcasieu Ship Channel in Cameron Parish, Louisiana.

SMBC acted as left lead arranger and sole bookrunner, while Caixabank and LBBW were right lead arrangers. Bank of America, BBVA, Deutsche Bank, Goldman Sachs, ING, J.P. Morgan, Mizuho, MUFG, NBC, RBC, Santander, Scotiabank, and Wells Fargo served as coordinating lead arrangers, and Regions Financial Corporation, ICBC, and NordLB acted as joint lead arrangers.

The fresh capital, on top of the more than US$4 billion invested to date, will enable continued fabrication, manufacturing and procurement at an accelerated pace.

"This strategically important project for the United States will quickly bring new American LNG supply to the global market, equalizing the balance of trade with other nations and supporting global energy security,” says Mike Sabel, chief executive officer of CP2 parent Venture Global.

CP2 is expected to have a peak production capacity of up to 28 million tonnes per annum. The company intends to use the net proceeds of the bank loan to pay project costs and fund reserves for debt service, fees, and other expenses associated with the facility.

Venture Global is a long-term, low-cost provider of LNG sourced from North American natural gas basins. Its business spans assets across the LNG supply chain, including LNG production, natural gas transport, shipping and regasification.

Its first facility, Calcasieu Pass, began production in January 2022 and achieved commercial operations in April 2025. The company’s second facility, Plaquemines LNG, achieved first production in December 2024. The company is currently constructing and developing over 100 mtpa of nameplate production capacity.

Venture Global is developing carbon capture and sequestration projects at each of its LNG facilities.