Venture Global LNG to raise $3B from IPO
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Venture Global LNG is aiming to raise around $3 billion through an initial public offering (IPO) in New York, potentially launching as early as this year, according to sources familiar with the matter.
Venture Global LNG to raise $3B from IPO The Arlington, Virginia-based company is collaborating with banks, including Goldman Sachs and JPMorgan Chase, to finalize its listing plans. Venture Global is a major U.S. supplier of liquefied natural gas (LNG). Earlier this month, it received federal regulatory approval to introduce natural gas into its Plaquemines export plant in Louisiana, a key step towards starting production of liquefied gas at the facility. Once fully operational, the Plaquemines plant will elevate Venture Global to the position of the second-largest LNG producer in the U.S., with an export capacity exceeding 30 million metric tons per annum (MTPA) from its Calcasieu Pass and Plaquemines facilities, both located in Louisiana.
Venture Global LNG to raise $3B from IPO The Arlington, Virginia-based company is collaborating with banks, including Goldman Sachs and JPMorgan Chase, to finalize its listing plans. Venture Global is a major U.S. supplier of liquefied natural gas (LNG). Earlier this month, it received federal regulatory approval to introduce natural gas into its Plaquemines export plant in Louisiana, a key step towards starting production of liquefied gas at the facility. Once fully operational, the Plaquemines plant will elevate Venture Global to the position of the second-largest LNG producer in the U.S., with an export capacity exceeding 30 million metric tons per annum (MTPA) from its Calcasieu Pass and Plaquemines facilities, both located in Louisiana.