Venture Global LNG raked in additional $160 million from large...

Venture Global LNG raked in additional $160 million from large institutional investors bringing the company’s aggregate funding total to $630 million.

The transaction proceeds will fund Venture Global LNG’s development activities for its proposed LNG export facilities in Louisiana.

The company is developing both the 10 mtpa Calcasieu Pass facility on the Gulf of Mexico and the 20 mtpa Plaquemines LNG facility on the Mississippi River using liquefaction technology provided by its strategic partner GE Oil & Gas, part of Baker Hughes, a GE company (BHGE).

In response to the capital raise, Co-CEO Mike Sabel said, “Our growing list of world-class partners, which includes Shell, BP, Edison S.p.A., Galp, and PGNiG, among others, can feel confident in our ability to deliver the lowest cost LNG from North America.”

Co-CEO Bob Pender added that following the receipt of the draft environmental impact statement for our Calcasieu Pass project in June, the company is preparing for its FERC authorization and the commencement of construction in early 2019.

“The contracting momentum for our Plaquemines project continues to grow, and we expect to announce additional milestones in the near term,” he concluded.

www.lngworldnews.com/venture-global-lng-secures-more-funds-for-lng-projects/

Something doesn't add up here, someone is telling 'Pork Pies' imo

When you compare what Bob Pender is saying, to what LNGL is saying in the latest Presentation on page 16 re: Competitor Analysis in relation to the Calcasieu Pass project, where the company is preparing for its FERC authorization and the commencement of construction in early 2019. What the ?
Can someone please explain how you can start construction in early 2019 before you get a Notice to Proceed in late 2020 ? According to our Mob by the look of it anyway, at least that's my understanding of it atm, happy to be enlightened further if i 'Barked up the wrong Tree' !

http://www.lnglimited.com.au/site/PDF/6112_1/CorporatePresentationNewYorkRoadshow


GLTAH

Cheers

Frank