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
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
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
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