US gives the go-ahead for Venture Global’s proposed $28 billion LNG export project in Louisiana

As the United States (U.S.) continues its shift away from the Biden administration’s green agenda, embracing fossil fuels to bolster its economy under the Trump administration in pursuit of American energy dominance, the U.S. Secretary of Energy has now given its blessing for a proposed multibillion-dollar liquefied natural gas (LNG) export project in Louisiana, operated by Venture Global, an American producer of LNG sourced from North American basins. 

This authorization from Chris Wright, U.S. Secretary of Energy, conditionally grants Venture Global authorization to export LNG to non-free trade agreement (non-FTA) countries from the proposed CP2 LNG project, as the Department of Energy (DOE) concluded that LNG exports from CP2 LNG would likely yield economic benefits to the United States, diversify global LNG supplies, and improve energy security for U.S. allies and trading partners during the export term through 2050.

The green light for this LNG project in Cameron Parish, Louisiana, is said to reflect another step in the Trump administration’s commitment to restoring American energy dominance. As a result, DOE expects to issue a final order to CP2 LNG in the coming months, enabling the giant undertaking, with construction costs of potentially $28 billion, to export up to 3.96 billion cubic feet per day (bcf/d) of LNG, leading to around 20 million tons of LNG annually once Venture Global takes a final investment decision (FID) to build this enormous LNG terminal and brings it to life.

Secretary Wright highlighted: “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. Thanks to President Trump’s leadership, we are cutting the red tape around projects like CP2, unleashing our energy potential and ensuring U.S. can continue to meet growing energy demand for decades to come.”

The decision to give the thumbs-up for CP2 LNG marks the fifth LNG-related approval from DOE since President Trump took office, following an export approval to Commonwealth