VENTURE GLOBAL ANNOUNCES FINAL INVESTMENT DECISION AND FINANCIAL CLOSE FOR PLAQUEMINES LNG

Plaquemines LNG has received all necessary permits, including FERC authorization and non-FTA export authorization from the U.S. Department of Energy. In addition, the company has executed 20-year Sales and Purchase Agreements (SPAs) for 80% of the full 20.0 MTPA project. Plaquemines LNG phase one customers include PGNiG, Sinopec, CNOOC, Shell and EDF; phase two customers announced to date include ExxonMobil, PETRONAS and New Fortress Energy. Marketing is actively underway for the company's third facility, CP2, and two SPAs with ExxonMobil and New Fortress Energy have already been executed for this project.

Plaquemines LNG has received all necessary permits, including FERC authorization and non-FTA export authorization from the U.S. Department of Energy. In addition, the company has executed 20-year Sales and Purchase Agreements (SPAs) for 80% of the full 20.0 MTPA project. Plaquemines LNG phase one customers include PGNiG, Sinopec, CNOOC, Shell and EDF; phase two customers announced to date include ExxonMobil, PETRONAS and New Fortress Energy. Marketing is actively underway for the company's third facility, CP2, and two SPAs with ExxonMobil and New Fortress Energy have already been executed for this project.

The lender group for the company's construction financing includes the world's leading banks, spanning multiple continents. The lenders who provided funding at closing are: Bank of America, N.A., Banco Santander, S.A., Bank of China, CaixaBank, S.A., Deutsche Bank AG, New York Branch, Goldman Sachs Bank USA, Industrial and Commercial Bank of China Limited, ING Capital LLC, JPMorgan Chase Bank, N.A., Landesbank Baden Württemberg, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., Natixis, Nomura Securities International, Inc., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, The Bank of Nova Scotia and Truist Bank.

Bank of America, Goldman Sachs, ING, JP Morgan, Mizuho, Morgan Stanley and RBC served as Lead Banks to Venture Global for the transaction. Latham & Watkins LLP served as counsel to Venture Global and Skadden, Arps, Slate, Meagher & Flom LLP served as counsel to the lenders.

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global's first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.

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