Venture Global has announced a final investment decision (FID) and the successful closure of $15.1bn in project financing for the first phase of its CP2 LNG (CP2) project in Louisiana, US, along with the associated CP Express Pipeline.

Financing is secured for the first phase of a project that will feed the flow of U.S. natural-gas exports to Europe.

The final investment decision for the CP2 export project comes after federal regulators cleared it to begin limited construction in May.

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Venture Global has wrapped up financing and made a final investment decision for its second liquefied natural gas facility in Cameron Parish. The company said it closed on $15.1 billion in financing for Calcasieu Pass 2, or CP2, from leading banks in the U.S., Europe and Asia such as Bank of America, Deutsche Bank, J.P. Morgan, Barclays and Mizuho.

Venture Global announced a final investment decision closed a $15.1B financing for Phase 1 of the CP2 LNG project that will feed the flow of US liquefied natural gas exports to Europe.