Sources say that Venture Global LNG is planning to raise $3 billion from its US IPO.

According to sources familiar with the situation, Venture Global LNG plans to raise up to $3 billion in its New York initial public offering. This could happen as early as this year.

The people who spoke to Venture Global said that the company is in discussions with Goldman Sachs, JPMorgan Chase and other banks about the listing plan.

Arlington, Virginia based company is among the largest suppliers of liquefied gas in the United States.

Venture Global LNG received permission from federal regulators earlier this month to add natural gas to its Plaquemines Export Plant in Louisiana. This will bring the facility closer towards producing supercooled gas.

Venture Global's Plaquemines plant, once it reaches commercial startup, will become the second largest U.S. producer of LNG with a capacity to export more than 30 million metric tonnes per annum (MTPA). This is from both its Calcasieu Pass facility and Plaquemines facility, located in Louisiana.

According to LSEG's data, a potential $3 billion IPO of Venture Global could be one of the biggest listings in the world this year.

Venture Global didn't immediately respond to an inquiry for comment. Goldman Sachs refused to comment.

LSEG data shows that the only listings to have raised more than $3 billion in this year are Hyundai Motor India and cold storage giant Lineage, whose $4.44 billion New York IPO was held in July, and its $3.33 billion Mumbai IPO which took place last month.

Bloomberg News had reported this earlier in the day.

BKV Corp, a natural gas producer in the United States, went public again in New York in September after raising $270 millions in its U.S. initial public offering. (Written by Arasu Kanagi Basil in Bengaluru, with additional reporting from Curtis Williams in Houston and editing by Alan Barona.)

(source: Reuters)