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Debt (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | The following table summarizes outstanding debt:
| Maturity |  |  |  | June 30, 2026 |  | December 31, 2025
Fixed rate: |  |  |  |  |  |  |
VGLNG Senior Secured Notes(a) | 2029 - 2036 |  |  |  | $ | 11,000 |  |  | $ | 11,000 |
VGCP Senior Secured Notes(b) | 2029 - 2036 |  |  |  | 5,500 |  |  | 4,750 |
VGPL Senior Secured Notes(c) | 2030 - 2036 |  |  |  | 9,500 |  |  | 9,500 |
Other fixed rate debt(d) | 2029 |  |  |  | 84 |  |  | 84 |
Variable rate: |  |  |  |  |  |  |
Calcasieu Funding TLB Facility(e) | 2033 |  |  |  | 1,750 |  |  | — |
Plaquemines Credit Facilities(f) | 2029 |  |  |  | 2,683 |  |  | 2,683 |
CP2 Credit Facilities(g) | 2032 |  |  |  | 7,520 |  |  | 1,860 |
CP2 Holdings EBL Facilities(h) | 2028 |  |  |  | 1,979 |  |  | 3,000 |
Blackfin Credit Facilities(i) | 2030 - 2032 |  |  |  | 1,215 |  |  | 1,129 |
VG Shipping Facility(j) | 2032 |  |  |  | 1,155 |  |  | — |
Calcasieu Pass Credit Facilities | 2026 |  |  |  | — |  |  | 806 |
Total outstanding debt |  |  |  |  | 42,386 |  |  | 34,812 |
Less: Unamortized debt discount, premium and issuance costs |  |  |  |  | (572) |  |  | (607) |
Total outstanding debt, net |  |  |  |  | 41,814 |  |  | 34,205 |
Less: Current portion of long-term debt, net |  |  |  |  | (287) |  |  | (812) |
Total long-term debt, net |  |  |  |  | $ | 41,527 |  |  | $ | 33,393 |
____________ (a)Secured on a pari passu basis by a first-priority security interest in substantially all assets held by Venture Global LNG, Inc. ("VGLNG") and VGLNG’s membership interests in certain material direct subsidiaries. (b)Secured on a pari passu basis by a first-priority security interest in substantially all assets held by Venture Global Calcasieu Pass, LLC ("VGCP") and TransCameron Pipeline, LLC (“TCP”) and all membership interests in VGCP and TCP, and guaranteed by TCP. (c)Secured on a pari passu basis by a first-priority security interest in substantially all assets held by Venture Global Plaquemines LNG, LLC ("VGPL") and Venture Global Gator Express, LLC (“Gator Express”) and all membership interests in VGPL and Gator Express, and guaranteed by Gator Express. (d)Secured by a first-priority security interest in corporate property. (e)Secured by a first-priority security interest in substantially all assets held by Calcasieu Pass Funding, LLC (“Calcasieu Funding”) and all membership interests in Calcasieu Funding. (f)Secured on a pari passu basis by a first-priority security interest in the assets that secure the VGPL Senior Secured Notes, and guaranteed by Gator Express. (g)Secured by a first-priority security interest in substantially all assets held by Venture Global CP2 LNG, LLC ("CP2"), Venture Global CP Express, LLC (“CP Express”) and CP2 Procurement, LLC ("CP2 Procurement") and all of the membership interests in CP2, CP Express and CP2 Procurement, and guaranteed by CP2 Procurement and CP Express. (h)Secured by a first-priority security interest in substantially all assets held by CP2 LNG Holdings, LLC ("CP2 Holdings") and all of the membership interests in CP2 Holdings. (i)Secured on a pari passu basis by a first-priority security interest in substantially all assets held by Blackfin Pipeline, LLC ("Blackfin") and Blackfin Supply, LLC (“Blackfin Supply”) and all of the membership interests in Blackfin and Blackfin Supply, and guaranteed by Blackfin Pipeline Pledgor, LLC (“Blackfin Pledgor”) and Blackfin Supply. (j)Secured by a first-priority security interest in substantially all assets held by Venture Global Shipping Holdings, LLC (“VGSH”) and each of its direct subsidiaries and all of the membership interests in VGSH and each of its direct subsidiaries, and guaranteed by each subsidiary of VGSH.
Schedule of Committed Credit Facilities | The following table summarizes the commitments and available capacity under project construction term loan facilities which have not been fully drawn as of June 30, 2026.
|  | CP2 Construction Term Loan |  | Blackfin TLA Facility |  | VG Shipping Facility
Total commitments |  | $ | 19,100 |  |  | $ | 425 |  |  | $ | 1,500 |
Less: Outstanding balances |  | 7,520 |  |  | 145 |  |  | 1,155 |
Available commitments |  | $ | 11,580 |  |  | $ | 280 |  |  | $ | 345 |
The following table summarizes the commitments and available capacity under outstanding working capital and revolving credit facilities as of June 30, 2026.
|  | VGLNG Revolving Credit Facility(a) |  | Calcasieu Pass Working Capital Facility(b) |  | Plaquemines Working Capital Facility(c) |  | CP2 Working Capital Facility(d) |  | Blackfin Working Capital Facility(e)
Total commitments |  | $ | 2,000 |  |  | $ | 555 |  |  | $ | 2,100 |  |  | $ | 1,600 |  |  | $ | 75 |
Less: |  |  |  |  |  |  |  |  |  |
Outstanding balances |  | — |  |  | — |  |  | 154 |  |  | — |  |  | — |
Letters of credit issued |  | — |  |  | 201 |  |  | 998 |  |  | 257 |  |  | — |
Available commitments |  | $ | 2,000 |  |  | $ | 354 |  |  | $ | 948 |  |  | $ | 1,343 |  |  | $ | 75 |
Year of maturity |  | 2030 |  | 2033 |  | 2029 |  | 2032 |  | 2030
____________ (a)Secured on a pari passu basis by a first-priority security interest in the assets that secure the VGLNG Senior Secured Notes. (b)Secured on a pari passu basis by a first-priority security interest in the assets that secure the VGCP Senior Secured Notes, and guaranteed by TCP. Facility amended in June 2026, see below for further discussion. (c)Secured on a pari passu basis by a first-priority security interest in the assets that secure the VGPL Senior Secured Notes and the Plaquemines Construction Term Loan, and guaranteed by Gator Express. (d)Secured on a pari passu basis by a first-priority security interest in the assets that secure the CP2 Construction Term Loan, and guaranteed by CP Express and CP2 Procurement. (e)Secured on a pari passu basis with the Blackfin TLA Facility and Blackfin TLB Facility, and guaranteed by Blackfin Pledgor and Blackfin Supply.
Schedule of Interest Expense | The following table presents total interest expense incurred on debt and other instruments:
| Three months ended June 30, |  | Six months ended June 30, |  |
| 2026 |  | 2025 |  | 2026 |  | 2025 |  |
Stated interest | $ | 691 |  |  | $ | 542 |  |  | $ | 1,321 |  |  | $ | 1,068 |  |  |
Amortization of debt discounts, premiums and issuance costs | 67 |  |  | 38 |  |  | 125 |  |  | 70 |  |  |
Other interest and fees | 46 |  |  | 18 |  |  | 82 |  |  | 29 |  |  |
Total interest cost | 804 |  |  | 598 |  |  | 1,528 |  |  | 1,167 |  |  |
Capitalized interest | (315) |  |  | (288) |  |  | (595) |  |  | (581) |  |  |
Total interest expense, net | $ | 489 |  |  | $ | 310 |  |  | $ | 933 |  |  | $ | 586 |  |  |

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