A Barrel Fulll Archive

July 28, 2025 Today, Venture Global, Inc. (NYSE: VG) is announcing a final investment decision (FID) and successful closing of the $15.1 billion project financing for the first phase of the company’s third project, Venture Global CP2 LNG (CP2) , together with the associated CP Express Pipeline. This milestone represents the largest standalone project financing ever, and the second largest project financing after the combined financings of Venture Global’s Plaquemines LNG. The transaction garnered enormous interest from the world’s leading banks, resulting in over $34 billion of commitments, and required no outside equity investment. “We are extremely proud to have taken FID on our third greenfield project in under 6 years with over $80 billion in capital markets transactions executed to date,” said Venture Global CEO Mike Sabel. “This success would not be possible without the dedication and relentless execution of the entire Venture Global team. Our significant early investments and w...

September 8, 2025  Commonwealth LNG (“Commonwealth”) announced today it has signed a Sale and Purchase Agreement (SPA) with EQT Corporation (NYSE: EQT), one of the largest natural gas producers in the United States. The agreement provides for the sale of 1 million tonnes per annum (Mtpa) of LNG for 20 years from Commonwealth’s 9.5 Mtpa export facility currently under development on the Gulf Coast in Cameron Parish, Louisiana. Under the terms of the agreement, EQT will purchase LNG on a free-on-board basis at a price indexed to Henry Hub. The definitive agreement marks a significant milestone in both companies’ efforts to deliver responsibly sourced, low emission natural gas to international markets. “The agreement with EQT is a strong endorsement of our integrated natural gas platform, featuring a unique wellhead-to-water strategy that meets burgeoning demand for LNG across global markets, while advancing U.S. energy leadership and economic growth,” said Ben Dell, Managing Partne...