The greenlight has been given for the CP2 LNG project in Louisiana, a US$28 billion proposed liquefied natural gas export project. Venture Global was given approval for the project earlier today by Chris Wright, the US Secretary of Energy. The conditional grant allows for the exportation of LNG to non-free trade agreement (non-FTA) countries. This marks the fifth natural gas-related approval from the Department of Energy this year since President Trump came into office. It is said that the approvals reflect his administration’s commitment to bring the nation back to energy dominance on the global stage.
“The benefits of expanding U.S. LNG exports have never been more clear, and I am proud to be taking action to support the American people and our allies abroad with more affordable, reliable, secure American energy,” said Secretary Wright.
Details on the CP2 LNG export terminal
The CP2 LNG terminal will produce 20 million tonnes per annum. Furthermore, it will be located in Cameron Parish on a 1,150-acre site. Once completed, it will be able to export up to 3.96 billion cubic feet per day of LNG. Additionally, there will be a marine facility that will be located on Monkey Island. This is between Calcasieu Ship Channel and Calcasieu Pass. The proposed CP Express natural gas pipeline will originate in Jasper County, Texas. It will also pass through Newton County, Texas and Calcasieu Parish, Louisiana before it ends at the CP2 LNG terminal in Cameron Parish.
Project Overview
Location: Cameron Parish, Louisiana
Project cost: US$28 billion
Developers: Venture Global
Venture Global has developed two other LNG export projects with the most previous one coming online in late 2024. This was the Plaquemines LNG project. Before that, the Calcasieu Pass project which became operational in March 2022. In the official DOE statement, the department stated that they find LNG exports from CP2 LNG are likely to yield economic benefits to the United States. Furthermore, diversifying global LNG supplies, and improving energy security for U.S. allies and trading partners over the course of the export term through 2050.
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