Natural-gas exporter Venture Global LNG Inc. said it would build a new, multibillion-dollar liquefied natural-gas export facility in Louisiana, as demand for U.S. gas exports surges in Europe following Russia’s invasion of Ukraine.

The company said Wednesday it had secured $13.2 billion in financing and gave final approval for the Plaquemines project near New Orleans—the first new U.S. plant to get a green light in three years.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Family questions death of domestic violence victim whose case made it to Supreme Court following yearslong custody battle

The family and supporters of a domestic violence victim whose yearslong custody…

Half of Asian American adults say most of their friends share their ethnicity, according to survey

When it comes to building friendships in the U.S., most Asian adults…

Covid-19 Test Sites Planned for New York Office Buildings

New York is working to open up Covid-19 rapid-testing sites at commercial…

Man who killed his mom arrested in NYC attack on 65-year-old Asian woman

An arrest was made early Wednesday in a brutal attack on a…