You can use the pvscan command to determine how much free space is currently available in the volume group.

[root@tng3-1 ~]# pvscan
  PV /dev/sda1   VG myvg   lvm2 [17.15 GB / 0    free]
  PV /dev/sdb1   VG myvg   lvm2 [17.15 GB / 12.15 GB free]
  PV /dev/sdc1  VG myvg   lvm2 [17.15 GB / 15.80 GB free]
  Total: 3 [51.45 GB] / in use: 3 [51.45 GB] / in no VG: 0 [0   ]