Trump Administration Approves Venture Global's CP2 LNG Export Terminal in Louisiana
The Department of Energy granted approval for LNG exports, advancing a $10 billion project delayed under Biden's environmental review policies.
- The CP2 LNG terminal in Cameron Parish, Louisiana, received export approval from the Department of Energy, marking the fifth LNG-related approval under President Trump.
- The project, expected to export up to 3.96 billion cubic feet of LNG per day, still requires final regulatory approvals from FERC and other agencies before construction can begin.
- The Biden administration previously paused LNG export approvals in January 2024 to assess environmental impacts, delaying the CP2 project and others.
- Environmental groups oppose the terminal, citing concerns about methane emissions, climate impacts, and local environmental justice issues.
- Venture Global has secured long-term supply agreements with major global energy companies but has yet to make a final investment decision on the project.