PR88060

ARLINGTON, Va., Feb. 12, 2021 /PRNewswire=KYODO JBN/ --

Venture Global LNG, Inc. announced today that it has closed a $500 million term

loan with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc, Mizuho

Bank, Ltd., and Bank of America N.A.  The proceeds will be used to fund pre-FID

construction activities at the company's Plaquemines LNG export project as well

as for general corporate purposes.  The transaction was upsized from $400

million to $500 million based on strong lender interest.

CEO Mike Sabel stated, "We are proud to continue to partner with this group of

leading banks, all of whom are lenders to our Calcasieu Pass LNG export

facility, as we move towards the launch of full construction on Plaquemines LNG

in 2021.  Replicating the successful strategy we pioneered and utilizing the

same configuration, we will continue to execute on our commitment to provide

the lowest cost LNG to the global market and supply the world's growing demand

for clean and reliable energy."

Venture Global's Plaquemines LNG project has contracted 3.5 MTPA of the

facility's 10 MTPA first phase under binding 20-year offtake agreements and

received both DOE export authorization and final FERC approval.  

JPMorgan and Morgan Stanley served as joint lead arrangers on the transaction,

and Bank of America and Mizuho participated as lenders.  Davis Polk & Wardwell

LLP and Simpson Thatcher & Bartlett LLP served as Borrower's and Lenders'

counsel, respectively.  

About Venture Global LNG

Venture Global LNG is a long-term, low-cost provider of U.S. LNG to be supplied

from resource rich North American natural gas basins.  The company is currently

constructing or developing over 50 MTPA of production capacity in Louisiana to

provide clean, affordable energy to the world.  More can be found at

www.venturegloballng.com.

SOURCE  Venture Global LNG, Inc.

CONTACT: Venture Global investor contact: Leah Woodward,  Treasurer and

Managing Director – Investor Relations, D: +1 202 759-6746 ,

lwoodward@vglng.com; Venture Global media contact: Shaylyn Hynes, Vice

President, Strategic Communications, D: +1 202 920-0964,  shynes@vglng.com