VG Announces FID and Financial Close for “Phase 2” of CP2 LNG

Last summer, Venture Global announced a final investment decision (FID) for "Phase 1" of its Calcasieu Pass 2 (CP2) LNG project (see Venture Global Makes FID to Build Massive Calcasieu Pass 2 LNG). Venture Global announced yesterday that it has now made an FID on Phase 2 of the CP2 project. When all is done, CP2 will be massive, with a peak production capacity of 29 MTPA (million tonnes per annum). The facility will use roughly 4.1 Bcf/d (billion cubic feet per day) of shale gas.

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