Venture Global to Spend $10B on CP2 LNG Export Facility
12/02 1:29 PM
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. (c) Copyright 2021 DTN, LLC. All rights reserved.
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