Venture Global clears legal hurdle for CP2 LNG
The US Court of Appeals has removed a major legal obstacle to Venture Global’s CP2 LNG export terminal in Louisiana, upholding the Federal Energy Regulatory Commission’s (FERC) approval of the $28 billion project and its associated CP Express pipeline.
Venture Global, Thailand PTT near binding LNG deal
Venture Global and Thailand’s state-controlled energy giant PTT PCL are in advanced talks for binding LNG offtake, supposedly from the Plaquemines or CP2 export facilities in Louisiana. If finalized, the deal would help diversify Thailand’s LNG supply away from Middle Eastern sources.
FERC waives pre-filing for CP2 LNG Phase 3 expansion
US Federal Energy Regulatory Commission (FERC) has waived the mandatory pre-filing requirement for a third phase of Venture Global’s CP2 LNG expansion, signalling regulator’s openness to streamlining brownfield LNG build-outs. CP2 LNG Phase 3 is designed to boost peak liquefaction capacity from 28 mtpa to 35 mtpa.
CP2 and Plaquemines LNG targeted to start up before 2030
Venture Global CEO Mike Sabel strives to get two LNG expansions – Calcasieu Pass 2 and Plaquemines – come to market before 2030. Financial close for the $18 billion brownfield expansion at Plaquemines is targeted for mid-2027, followed by first LNG some 18 to 24 months afterwards.
Worley gives update on CP2 LNG site work
Australian engineering firm Worley has published an update on its reimbursable EPC contract, worth $9 billion, with Venture Global for phase 1 of the CP2 LNG project in Cameron Parish, Louisiana. First LNG is targeted in Q3-2027.
