Kean Miller served as legal counsel to Venture Global in the final investment decision and successful closing of the $15.1 billion project financing for Phase 1 of their third project, CP2 LNG, together with the associated CP Express Pipeline. This milestone represents the largest standalone project financing ever, and the second largest project financing after the combined financings of Venture Global’s Plaquemines LNG. The transaction garnered enormous interest from the world’s leading financial institutions, resulting in over $34 billion of commitments, and required no outside equity investment.

“Kean Miller’s Venture Global Team is proud to have played a key role in successfully closing this complex, high-profile transaction, which leveraged all the hallmarks of our firm – collaboration, energy project development, a commitment to client service, and knowing our client’s business,” said Shane Sandefer, Partner and Venture Global Client Team leader.

Kean Miller’s efforts across a wide range of service areas were pivotal to the success of this history-making transaction. Our Environmental Permitting Team secured all necessary federal and state approvals, ensuring full regulatory compliance. We supported the CP Express Pipeline acquisitions and expropriation proceedings, ensuring connectivity from Louisiana to the Texas gas grids.

Kean Miller provided comprehensive guidance on lien protections, title curative matters, and risk mitigation strategies. We structured state and local economic incentive packages, executed tax planning initiatives, and negotiated community project agreements to support sustainable development.

Navigating complex real estate maters, our team managed site landholdings and coordinated efforts in Cameron Parish alongside the Calcasieu Ship Channel. Additionally, Kean Miller provides workforce-related compliance, labor standards, construction employment strategy, and other important employment issues for Venture Global projects.

Our Energy Regulatory Team successfully negotiated with local utilities serving the areas of Allen, Calcasieu, Cameron, Jefferson Davis, and Vermilion parishes.

CP2 LNG, which is expected to deliver reliable, strategic American LNG to the world beginning in 2027, will have a peak production capacity of 28 MTPA. Phase 1 has contracted long-term SPAs with customers in Europe, Asia, and the rest of the world. Accordingly, CP2 is a strategically important project to global energy supply and security. Venture Global now has a total contracted capacity of 43.5 MTPA across all three of its projects in Louisiana.

About Kean Miller

Kean Miller is one of the largest and best recognized law firms in the Gulf South region. For more than 42 years, the firm has been innovating and growing, revolutionizing the standards for excellence in client service, and earning numerous awards for market-leading practices and thoughtful and creative legal representation. Consistently named to the National Law Journal’s NLJ 500 and the Law360 Top 400 lists, Kean Miller is Mansfield Certified for the fifth consecutive year. The firm’s collaborative culture, people-first approach, and devotion to quality are foundational to the firm’s continued success, reflecting its reputation in the market. From the firm’s eight offices in Baton Rouge, New Orleans, Lafayette, Shreveport, Lake Charles, Houston, and The Woodlands, and more than 225 attorneys, Kean Miller delivers sophisticated and meaningful counsel to Fortune 500 leaders, national businesses, and local companies.

For more information, contact Steve Boutwell at 225.389.3736 or steve.boutwell@keanmiller.com.