Venture Global Receives Final FERC Approval for Largest US LNG Project in Louisiana

Venture Global LNG has received final approval from the U.S. Federal Energy Regulatory Commission (FERC) to build its Calcasieu Pass 2 (CP2) LNG export terminal in Louisiana, enabling the company to immediately begin construction. The CP2 project, with a peak capacity of 28 million metric tons per year, is poised to become the largest LNG export facility in the U.S. and would bring Venture Global's total liquefaction capacity to over 76 million metric tons annually. The project includes extensive infrastructure such as 36 liquefaction trains, storage tanks, marine berths, a power plant, and pipeline connections to Texas. Despite previous legal challenges that required an additional environmental review, FERC has reaffirmed its environmental analysis, allowing the project to proceed with confidence. Venture Global plans to reach a final investment decision on the first phase by mid-2025 and expects to start delivering LNG globally by 2027. The development aligns with broader expansion trends in U.S. LNG exports, despite challenges from trade tariffs and market uncertainties.