Wedoany.com Report-Sept. 16, Standard Chartered has played a key role in securing multibillion-dollar financing for Venture Global’s CP2 liquefied natural gas (LNG) project in Cameron Parish, Louisiana. The facility is the third LNG terminal Venture Global has developed in the U.S. over the past five years, sourcing natural gas from North American basins.

Rendering of the CP2 LNG facility

The bank led the closing of a $15.1 billion financing package for Phase 1 of the project, marking the largest standalone project financing ever completed. The transaction drew over $34 billion in commitments from financial institutions worldwide. Standard Chartered supported $12.1 billion in project finance and a $3 billion equity bridge loan (EBL), acting as initial coordinating lead arranger and hedging bank for the term loan and working capital facility, and as top-tier coordinating lead arranger for the EBL.

Sridhar Nagarajan, Head of Infrastructure and Development Finance Group for the Americas at Standard Chartered, said: “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. 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.”

Following the financing, Worley received full notice to proceed with its work on the first phase under a reimbursable engineering, procurement, and construction (EPC) contract. Site work and full mobilization for development began after Venture Global made its final investment decision (FID) on July 28, 2025 and closed the project financing.

The CP2 LNG project is expected to reach a peak production capacity of 28 million tonnes per annum (mtpa). Long-term sales and purchase agreements for Phase 1 have been signed with customers in Europe, Asia, and other global markets. To supply natural gas to the terminal, a proposed CP Express pipeline will run from Jasper and Newton County, Texas, directly to the facility.

The LNG terminal spans approximately 1,150 acres and is located alongside the Calcasieu Ship Channel, enabling efficient shipping and export logistics. Venture Global aims to leverage the facility to provide competitively priced LNG to international markets while supporting energy security and global supply diversification.

This milestone reinforces Standard Chartered’s role in facilitating complex infrastructure financing and highlights the ongoing expansion of U.S. LNG capacity to meet rising global demand for natural gas.