Virginia-based Venture Global has raised another $675 million of additional capital for its trio of proposed liquefied natural gas projects on the Gulf Coast, bringing its total committed capital to $2.8 billion, the company announced Thursday.

The latest round of capital funding from institutional investors will be used primarily for the further development of the company's 20 million metric tons per a year Plaquemines LNG export project in Plaquemines Parish, Louisiana, Venture Global said. The company is expected to receive a final order by August 1 from the Federal Energy Regulatory Commission granting it permission build the liquefied natural gas terminal.