Venture Global to Spend $10B on CP2 LNG Export Facility


   
   OAKHRUST, N.J. (DTN) --- Venture Global LNG today announced it will invest 
more than $10 billion to develop a fourth LNG export facility in the State of 
Louisiana, bringing its total capital investment in the state to more than $20 
billion.

   The new project, CP2 LNG, will be located in Cameron Parish, adjacent to 
Venture Global's first facility, Calcasieu Pass. Venture Global's Plaquemines 
LNG facility is also now under construction.

   "With two major LNG export projects currently under construction, Venture 
Global is on a mission to produce the cleanest, low-cost LNG in North America," 
said Venture Global CEO Mike Sabel. "We are proud to partner with Louisiana in 
these efforts and in developing Carbon Capture and Sequestration for our 
facilities."

   Venture Global today also announced that it has submitted a formal 
application requesting authorization from the Federal Energy Regulatory 
Commission to site, construct and operate the CP2 LNG facility and the CP 
express pipeline. CP2 LNG will build, own, and operate a liquefied natural gas 
terminal with a nameplate liquefaction capacity of 20 million metric tonnes per 
annum of LNG. The CP Express pipeline will provide natural gas to the CP2 LNG 
facility.




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