Standard Chartered (the “Bank”) announced its pivotal role in the successful closing of a USD15.1 billion financing for the first phase of Venture Global, Inc.’s CP2 LNG project. This milestone transaction marks the largest standalone project financing ever completed, attracting over USD34 billion in commitments from leading financial institutions worldwide.
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Standard Chartered is pleased to support Venture Global in this marquee project and in their mission to provide low-cost LNG to the world.
As part of this financing, Standard Chartered supported a USD12.1 billion project financing package and a USD3.0 billion Equity Bridge Loan (EBL). The Bank acted as the Initial Coordinating Lead Arranger and Hedging Bank for the Term Loan and Working Capital Facility, and as the top-tier Coordinating Lead Arranger for the EBL.
“This transaction exemplifies Standard Chartered’s ability to lead from the front on complex financings, bringing together capital, risk solutions, and deep sector expertise. As an Initial Coordinating Lead Arranger and Hedging Bank, we are pleased to support Venture Global in this marquee project and in their mission to provide low-cost LNG to the world,” said Sridhar Nagarajan, Head of Infrastructure and Development Finance Group for the Americas at Standard Chartered. “This financing also highlights Standard Chartered’s leadership in project finance and our commitment to support investment in critical infrastructure globally. With this milestone, we continue to demonstrate our ability to deliver innovative solutions that connect clients to growth opportunities across dynamic global markets.”
The CP2 LNG project is expected to achieve a peak production capacity of 28 million tonnes per annum (“MTPA”). Phase 1 has secured long-term sales and purchase agreements with customers in Europe, Asia, and the rest of the world, further solidifying Venture Global’s position as it progresses toward becoming the largest LNG exporter in the United States.
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