Venture Global Pushes FERC to Reapprove CP2 LNG Project in Louisiana
(Reuters) — U.S. liquefied natural gas company Venture Global is seeking approval by June 26 to construct its CP2 plant in Louisiana, according to a letter sent to Federal Energy Regulatory Commission Chairman Mark Christie on May 14.
The U.S. is the world's largest exporter of LNG and the construction of the 28 million metric tons per annum (MTPA) plant will help it hold its spot as the leading exporter of the superchilled gas.
Venture Global has said it will give the financial go-ahead to the project by the middle of 2025, but does not have authorization to construct the plant because its original approval was rescinded by FERC pending a supplemental environmental study on the plant's effect on air quality.
Last Friday, FERC completed its environmental study and found there would be no significant cumulative air quality impacts.
"We have clearly made the decision to invest our own capital and do everything we can do to move the Project forward... but we need the Commission to act," Venture Global's CEO Mike Sabel said in the letter to Christie.
Venture Global is the second largest U.S. LNG exporter and has been responsible for most of the industry's expansion in the country since 2023, according to LSEG data.
If constructed, CP2 will be the largest LNG export facility in the United States.
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