DOE Grants CP2 LNG (La.) Approval to Export to Non-FTA Countries

Yesterday, Venture Global received approval from the U.S. Department of Energy (DOE) to export liquefied natural gas (LNG) to non-FTA countries for its third project, CP2 LNG, in Cameron Parish, Louisiana. Venture Global is working through a final investment decision (FID) to proceed with the project. The DOE approval is a key milestone for the project, a project that, in all likelihood, will use at least some Marcellus/Utica molecules. However, there are miles to go before it gets built, comes online, and then begins to honor its customer contracts. YEARS.

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