Venture Global to build LNG export facility in Louisiana, US

Venture Global to build LNG export facility in Louisiana, US

06 Dec 2021

Venture Global has announced plans to invest more than US$10bn to build a new liquefied natural gas (LNG) export facility in Louisiana, USA, called CP2 LNG (CP2).

The LNG terminal, which will be built, owned, and managed by CP2 LNG, will have a liquification capacity of 20m tonnes of LNG per year and will capture and store about 500,000 tonnes of CO2 emissions annually.

CP2 LNG will be constructed in Cameron Parish, beside the company's first facility in Calcasieu Pass, and is expected to create 2,300 jobs. The site will include 18 liquefaction blocks, four 200,000m³ of fully enclosed LNG storage tanks, two marine loading berths and two on-site combined cycle gas turbine power plants.

With this latest project, the company's total planned capital investment in the state will exceed US$20bn.

For more information, please visit EICDataStream.

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