U.S. Secretary of Energy Chris Wright today (March 19) approved an export authorization to the Venture Global CP2 LNG export project proposed for Cameron Parish, Louisiana. This action reflects another step in the Trump administration’s commitment to restoring American energy dominance.
“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,” said Secretary Wright. “Thanks to President Trump’s leadership, we are cutting the red tape around projects like CP2, unleashing our energy potential, and ensuring the U.S. can continue to meet growing energy demand for decades to come.”
The issuance to CP2 marks the fifth LNG-related approval from DOE since President Trump took office, following an export approval to Commonwealth LNG on February 14, an order on rehearing removing barriers for the use of LNG as bunkering fuel announced on February 28, an approval providing the Golden Pass LNG terminal more time to commence exports issued on March 5, and an approval granting the Delfin LNG project additional time to commence exports issued on March 10.
Once constructed, CP2, owned by Venture Global, will be able to export up to 3.96 billion cubic feet per day (Bcf/d) of LNG.
“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,” said Tala Goudarzi, Principal Deputy Assistant Secretary of the Office of Fossil Energy and Carbon Management. “With Venture Global’s track record of getting projects constructed quickly, I look forward to seeing this project come to fruition before long.”
Today’s authorization conditionally grants CP2 authorization to export LNG to non-free trade agreement countries from the proposed CP2 LNG project. In the order, DOE finds that LNG exports from CP2 LNG are likely to yield economic benefits to the United States, 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, with the Calcasieu Pass project coming online in March 2022 and the Plaquemines LNG project beginning exports in late 2024. Accompanying the buildout of LNG export terminals is an increase of natural gas pipelines across the United States, with approximately 8.5 Bcf/d of pipeline additions for delivery to LNG export terminals recently completed in Texas and Louisiana.
Source: U.S. Department of Energy
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