Venture Global LNG's Calcasieu Pass 2 Project Gets Final U.S. Environmental Nod
(Reuters) — Venture Global LNG's proposed Calcasieu Pass 2 (CP2) project in Louisiana on Friday received the U.S. Federal Energy Regulatory Commission's (FERC) environmental approval, clearing the way for a final vote by the commission on expanding the company's natural gas liquefaction facility.
CP2 was the first U.S. LNG project in 2023 to receive a final investment decision as the country seeks to expand exports of the super-chilled gas to meet growing global demand.
FERC said the potential impacts of the project would not significantly affect local resources, adding that the commission had developed specific mitigation measures for the construction and operation of the project.
Implementation of mitigation measures would avoid or reduce the impact of CP2 and CP Express, of a proposed connecting natural gas pipeline from Texas to the LNG facility, the regulator said in its environmental impact statement.
The construction and operation of the project would increase the atmospheric concentration of greenhouse gases, but the FERC said it would not classify it as "significant or insignificant" and instead would made several recommendations to reduce its effects.
Venture Global said the decision puts the company on track for a commission vote and commencement of construction later this year.
About 9.25 million tonnes per annum (MTPA) of CP2's 20 MTPA nameplate capacity have been sold under 20-year sales and purchase agreements, with discussions ongoing for the remaining capacity, the company said its statement.
CP2's LNG customers include oil majors Exxon Mobil, Chevron and Japan's top liquefied natural gas buyer JERA among others, the company added.
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- New Alternatives for Noise Reduction in Gas Pipelines
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
- South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
- Woodside May Delay Final Investment Decision on Louisiana LNG to Q2, CEO Says
Comments