Venture Global currently has five LNG projects in various stages of development near the Gulf of Mexico in Louisiana. The company has raised roughly $54 billion of capital for its projects and generated about $19.6 billion in gross proceeds from LNG sales as of Sept. 30. METEORIC RISE Venture Global was founded in 2013 by two industry outsiders - former investment banker Michael Sabel and financial lawyer Robert Pender. Since then, Venture Global has rapidly grown into one of the biggest U.S. LNG exporters, competing with names such as Cheniere Energy, Freeport LNG, and Sempra. The company began generating proceeds in 2022 when its first facility, Calcasieu Pass, started producing the superchilled gas. Plaquemines, its second facility, began producing the superchilled gas last month, becoming the first new U.S. LNG plant to start operations since 2022.