The LNG producer has also given full notice to proceed to KZJV to continue the development of phase two of Plaquemines LNG
US-based Venture Global LNG has made a final investment decision (FID) for the second phase of the Plaquemines LNG facility in Louisiana, US.
The LNG company has also secured $7.8bn project financing to support the construction and commissioning of the second phase of the 20 million tonnes per annum (Mtpa) nameplate capacity project.
Together, phases one and two of the Plaquemines LNG project involve an investment of nearly $21bn, which marks the largest project financing ever done, said Venture Global.
The LNG producer has also given full notice to proceed to KZJV to continue the development of phase two of Plaquemines LNG.
KZJV is a joint venture between Zachry Group and KBR. The JV was assigned to execute the development, engineering, procurement and construction under the EPC contract for the initial phase of the LNG facility in 2021.