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The U.S. Department of Energy (DOE) authorized a liquefied natural gas (LNG) project proposed for Cameron Parish, La.
The export authorization was for the Venture Global CP2 LNG export project proposed for Cameron Parish.
“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,” U.S. Secretary of Energy Chris Wright said. “Thanks to President Trump’s leadership, we are cutting the red tape around projects like CP2, unleashing our energy potential and ensuring U.S. can continue to meet growing energy demand for decades to come.”
The CP2 project, owned by Venture Global, will be able to export up to 3.96 billion cubic feet per day (Bcf/d) of LNG once its operational.
“The CP2 project is another project that has been waiting too long for regulatory action at DOE, and I am glad to see that being corrected today” Tala Goudarzi, principal deputy assistant secretary of the Office of Fossil Energy and Carbon Management, said. “With Venture Global’s track record of getting projects constructed quickly, I look forward to seeing this project come to fruition before long.”
The authorization conditionally grants CP2 authorization to export LNG to non-free trade agreement countries from the proposed CP2 LNG project. The DOE expects that LNG exports from CP2 LNG are likely to yield economic benefits, diversify global LNG supplies, and improve energy security for U.S. allies and trading partners over the course of the export term through 2050. DOE expects to issue a final order to CP2 LNG in the coming months.
CP2 is the third LNG export project that has been developed by Venture Global following the Calcasieu Pass project and the Plaquemines LNG project beginning exports in late 2024.
This is the fifth LNG-related approval from the DOE since President Trump took office.