Venture Global hit by US FERC move

Thursday, 12 December 2024
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Venture Global LNG has slammed a call for an additional environmental review of its planned Louisiana LNG project, saying this was unnecessary.

The LNG export plant developer claimed that it will be ready to begin construction once the project gets a final go ahead.

A couple of weeks ago, the US Federal Regulatory Energy Commission (FERC) repealed Venture Global LNG's authorisation to construct its CP2 export facility, saying it required an additional environmental review of the air quality impact.

This additional review followed a 6th August US Court of Appeals for the District of Columbia Circuit decision to quash FERC's approval of NextDecade's plant at the Port of Brownsville, Texas.

The Court ordered FERC to reconsider the project ramifications with a new environmental impact statement (EIS) and public comment period.

Venture Global’s CP2 project has been at the centre of a fight with environmentalists seeking to limit future LNG projects on the US Gulf Coast.

The 20 mill tonne per annum facility won FERC construction approval in June. However, the company did not reveal if the decision would delay its construction nor if it had already begun site work.

Engineering and construction concern, Worley had won the contract last year to build CP2’s first phase.

"CP2 LNG unquestionably meets or exceeds all required environmental air standards as determined by FERC in its July 2024 order and will be formally replying to the commission in the coming days," a Venture Global spokesperson told newswires.

FERC has also put on hold its approval for the construction of Commonwealth LNG's planned 9.5 mill tonnes per annum LNG export facility in Cameron, Louisiana.

Commonwealth said that it remained confident in its project and will be providing all requested input for the supplementary EIS. 

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