- Venture Global received approval from the U.S. Department of Energy to export liquefied natural gas to non-FTA countries for its CP2 LNG project.
- The project is located in Cameron Parish, Louisiana.
- CEO Mike Sabel emphasizes the project's importance for the U.S. economy, balance of trade, and global energy security.
- Sabel appreciates the Trump Administration's regulatory certainty which supports the expansion of U.S. LNG exports.
- The project aims to provide American LNG to allies worldwide for decades to come.
- Venture Global initiated the final investment decision process for CP2 LNG earlier this month.
- The initial phase of CP2 LNG has secured 20-year sales agreements with major companies including ExxonMobil and Chevron.
- The company is actively negotiating for the remaining project capacity and has begun significant off-site construction.
Venture Global Receives Non-FTA Export Authorization for CP2 LNG
U.S. Department of Energy grants CP2 LNG approval to export to non-FTA countries
Mar 19, 2025 10:55 AM Eastern Daylight Time
ARLINGTON, Va.--(
BUSINESS WIRE)--Today, Venture Global received approval from the U.S. Department of Energy to export liquefied natural gas (LNG) to non-FTA countries for its third project, CP2 LNG, located in Cameron Parish, Louisiana. Venture Global CEO Mike Sabel issued the following statement:
“CP2 LNG is a vital project for the U.S. economy, balance of trade, and global energy security," said Venture Global CEO Mike Sabel.Share
“CP2 LNG is a vital project for the U.S. economy, balance of trade, and global energy security. We are grateful for the Trump Administration’s return to regular order and regulatory certainty that will allow us to further expand U.S. LNG exports, which have consistently been found to be in the public interest across multiple Administrations. This will enable us to provide our allies around the world with American LNG in just a few years and for decades to come.”
Earlier this month, Venture Global announced that it has launched the FID process for CP2 LNG. To date, the initial phase of CP2 LNG has been sold through 20-year sales and purchase agreements with ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, SEFE and EnBW. Venture Global is in active discussions for the remaining capacity and has launched significant off site construction of the project while it has awaited project authorizations from U.S. regulators.
Contacts
Investor Contact
Michael Pasquarello
IR@ventureglobalLNG.comMedia Contact
Shaylyn Hynes
press@ventureglobalLNG.com .svg)
