Venture Global LNG said it has taken a final investment decision and completed financing for Phase 1 of its CP2 export terminal, raising about $15.1 billion in debt in what industry analysts call the largest single-tranche liquefied natural gas project funding ever arranged in the United States. Phase 1 of CP2 is designed to add 28 million tonnes per annum of liquefaction capacity, a scale that would position the privately held developer to surpass Cheniere Energy as the country’s largest LNG exporter by the end of the decade. Chief Executive Officer Mike Sabel noted that CP2 is the company’s third greenfield LNG project to reach FID within six years and brings Venture Global’s cumulative capital-markets activity to more than $80 billion.