VG News & Events

The company states: "Venture Globa and ATLANTIC - SEE LNG TRADE S.A. of Greece announced an expansion of their existing Sales and Purchase Agreement for the purchase of U.S. liquefied natural gas from Venture Global for twenty years starting in 2030. Under the deal, Atlantic-SEE is doubling their existing contract with Venture Global from a minimum of 0.5 million tonnes per annum (MTPA) to 1.0 million tonnes per annum. Atlantic-SEE LNG is a newly formed joint venture announced in November at the 6th Partnership for Transatlantic Energy Cooperation conference hosted in Athens, Greece between Greek companies AKTOR Group and DEPA Commercial. The announcement of this expanded supply agreement follows Venture Global's previously announced investment in regasification capacity at the Alexandroupolis LNG import terminal in Greece, which currently accounts for approximately 25% of the terminal's total capacity. The Alexandroupolis LNG FSRU receiving terminal and South-North 'Vertical Corridor' will be essential to enhancing Central and Eastern European energy security by providing a new route to bring affordable and reliable U.S. natural gas into the region."

Venture Global announced that its wholly-owned subsidiary, Venture Global LNG, intends to offer, subject to market conditions and other factors, $2.25B aggregate principal amount of senior secured notes due 2034 and 2036, in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The Issuer intends to use the gross proceeds from the offering to redeem all of the Issuer's outstanding 8.125% senior secured notes due 2028 and to use cash on hand to pay the redemption premium and related fees and expenses for the offering and the redemption. The redemption of the Existing 2028 Notes is expected to be conditioned on the closing of the offering, after the date hereof and on or prior to the redemption date, generating sufficient gross proceeds no less than the aggregate principal amount of the Existing 2028 Notes to be redeemed.