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.

Venture Global (NYSE:VG) said Monday it announced a final investment decision closed a $15.1B financing for Phase 1 of the CP2 LNG project that will feed the flow of U.S. liquefied 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.

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.

The project approval comes as the European Union agrees to buy $750bn worth of US energy products over three years as part of its tariff trade deal negotiated with US President Donald Trump’s administration, a move that boosted stocks of liquefaction developers including Venture Global on Monday.

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