Venture Global’s first LNG export facility, Calcasieu Pass, had its credit rating upgraded to an investment-grade ‘BBB-’ from ‘BB+’ by S&P Global Ratings. The upgrade on the facility’s $4.75 billion outstanding senior secured notes and ~$900 million outstanding construction term loan comes after Calcasieu Pass commenced commercial operations on April 15, 2025, and began delivering LNG under its long-term sales and purchase agreements. Calcasieu Pass also successfully completed the lenders’ reliability test (LRT) in May 2025.
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Venture Global, Inc. ($VG) announced today that it has initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG. The launch of the site work comes shortly after CP2 received final approval and Notices to Proceed from the Federal Energy Regulatory Commission (FERC) on the Project, and weeks after receiving its non-FTA export authorization from the U.S. Department of Energy.
The Venture Global, Inc. (“Venture Global”) (NYSE: VG) board of directors determined today that the per share amount of its previously declared cash dividend shall be $0.0165 per share, or approximately $40 million in the aggregate, payable on June 30, 2025 to holders of its outstanding Class A common stock and outstanding Class B common stock, and that the record date shall be the close of business on June 10, 2025.
Today, Venture Global announced a donation of $37,300 to the Coalition to Restore Coastal Louisiana (CRCL) to support critical coastal restoration projects in Plaquemines Parish, Louisiana. This contribution is part of the company’s multi-year partnership with the New Orleans Saints through the Catch for the Coast initiative, sponsored by Venture Global. The Venture Global team was pleased to be joined by members of the CRCL and the Saints for a check presentation of this donation at the New Orleans Saints Ochsner Sports Performance Center.
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Venture Global, Inc. (NYSE:VG) on behalf of long-term stockholders following a class action complaint that was filed against Venture Global on February 17, 2025 with a Class Period pursuant and/or traceable to Venture’s registration statement for the initial public offering held on or about January 24, 2025. Our investigation concerns whether the board of directors of Venture Global have breached their fiduciary duties to the company.
Venture Global, Inc. (“Venture Global”) announced today that its subsidiary, Venture Global CP2 LNG, LLC (“CP2”), has secured commitments from 19 banks for a $3.0 billion bank loan facility (the “CP2 Bank Loan” or the “Facility”) to continue manufacturing, procurement and engineering of its natural gas liquefaction and export facility, begun in early 2023, to be located alongside the Calcasieu Ship Channel in Cameron Parish, Louisiana (the “Project”). The company previously announced it had launched the formal FID process for CP2 in March.
The Shareholders Foundation, Inc. announced that a lawsuit was filed on February 17, 2025 for certain investors in shares of Venture Global, Inc. (NYSE: VG) in the U.S. District Court for the Southern District of New York (Docket number: 25-CV-01364).
