Venture Global has announced that the Federal Energy Regulatory Commission has approved its third export facility, CP2 LNG. The approval follows an independent and thorough review by the Commission and FERC staff.
“Venture Global applauds the Commission and FERC staff for their independent and thorough review and approval of CP2 LNG,” said Mike Sabel, CEO of Venture Global LNG. “This project will be critical to global energy security and supporting the energy transition, as well as providing jobs and economic growth across Louisiana and the United States. We appreciate Commissioner Clements’ service on the Commission and look forward to continuing to work with Chairman Phillips, Commissioner Christie, and the newly confirmed commissioners, as well the outstanding FERC staff. I’d like to thank the Venture Global team, who has worked with professionalism and great resolve to answer all requests from our regulators. We look forward to a swift non-FTA approval from the US Department of Energy for this project that is critical to both global and national security.”
The initial phase of CP2 has already secured 20-year sales and purchase agreements with major energy companies, including ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, SEFE, and EnBW. Additionally, CP2 LNG has signed a Heads of Agreement with DTEK of Ukraine. Venture Global is actively discussing the remaining capacity and has initiated significant off-site construction for the project.
The CP2 LNG facility is poised to play a pivotal role in enhancing global energy security, supporting the energy transition, and stimulating economic growth both in Louisiana and across the United States. Venture Global is committed to advancing this project swiftly, anticipating further approvals from the US Department of Energy, underscoring its importance to both national and international energy security.
For more information visit www.venturegloballng.com
