Venture Global Secures Non-FTA Export Approval for CP2 LNG Project

Venture Global has received approval from the US Department of Energy to export liquefied natural gas (LNG) from its Calcasieu Pass 2 (CP2) LNG project to non-free trade agreement (non-FTA) countries. This development strengthens the company’s role in the global energy market and supports US energy exports.

Non-FTA Export Approval Impact

The approval allows Venture Global to export up to 3.96 billion cubic feet per day (Bcf/d) of LNG from the CP2 LNG facility in Cameron Parish, Louisiana. This decision is part of a broader effort by the Trump administration to boost US energy exports. Energy Secretary Chris Wright emphasized that expanding US LNG exports is vital for affordable and secure energy for both the US and its allies.

The CP2 LNG project is the third LNG facility developed by Venture Global. It follows the operationalization of Calcasieu Pass LNG in March 2022 and the Plaquemines LNG project, which started exports in late 2024. This new approval enhances US energy security and economic interests.

Economic Impact and Future Outlook

The CP2 LNG project will contribute to the US economy and strengthen global energy security. It will diversify the global LNG supply, benefiting allied nations. The expansion of LNG exports is also supported by increased natural gas pipeline infrastructure. Recent pipeline capacity of 8.5 Bcf/d has been completed in Texas and Louisiana to deliver LNG to export terminals.

Venture Global CEO Mike Sabel noted that CP2 LNG is crucial for US economic growth and global energy security. He praised the Trump administration for its regulatory certainty, which will help expand US LNG exports in the public interest.

Ongoing Commitment to Global Energy

Earlier this month, Venture Global began the final investment decision (FID) process for CP2 LNG. The first phase has secured long-term sales agreements with major buyers such as ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, SEFE, and EnBW. Discussions continue on expanding capacity. Construction is already underway while awaiting final regulatory approvals.

Venture Global is also investing $18 billion to expand its Plaquemines LNG facility near New Orleans. This investment highlights the company’s commitment to supporting the US LNG export sector.