Venture Global LNG’s CP2 Project Secures Final Environmental Approval

The construction of the Calcasieu Pass 2 liquefied natural gas facilities in Cameron Parish is scheduled to start this year.

LNG tanker
Gas exports have helped US gas prices recover.
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US liquefied natural gas (LNG) exporter Venture Global LNG received from the US Federal Energy Regulatory Commission (FERC) a positive final environmental impact statement (FEIS) for its Calcasieu Pass 2 (CP2) project in Louisiana.

Venture Global seeks to begin construction on the project later this year. The positive FEIS brings the CP2 project one step closer to a final vote by the commission.

The project involves the construction of a 20-mtpa liquefaction export terminal in Cameron Parish, Louisiana, adjacent to Venture Global’s first facility, Calcasieu Pass. The project also includes constructing and operating the CP Express pipeline that will provide natural gas to the CP2 facility.

FERC said in a statement that it concluded the proposed project would have some adverse environmental impact.

“However, most of these impacts would be avoided or reduced to less-than-significant levels, with the exception of climate change and visual resources, including cumulative visual impacts, and visual impacts on environmental justice communities in the region,” the commission said.

"This is a major regulatory milestone for the project that puts us on track for a commission vote and the commencement of construction later this year,” said Mike Sabel, chief executive of Venture Global LNG. “CP2 continues to have robust commercial and financial momentum, with approximately half of the project sold out. This export facility will be vital to supporting long-term energy security and emissions reductions in Europe and Asia for many years."

To date, 9.25 mtpa of the 20-mtpa nameplate capacity for CP2 has been sold under 20-year sales and purchase agreements, with active discussions ongoing for the remaining capacity.

Over half of the contracted capacity has been committed to German and Japanese customers. CP2 LNG customers, include ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, EnBW, and SEFE.