Venture Global Expansion News
Louisiana LNG Export Capacity Update
| Project | CP2 LNG (Phase 2) |
| EPC Contractor | Worley Field Services |
| Total Capacity | ~28 MTPA (Total Facility) |
| Stock Ticker | NYSE: VG |
Key Developments
Expansion Contract Awarded: Venture Global has signed an EPC contract with Worley Field Services to construct the second phase of the CP2 terminal in Cameron Parish. This follows the successful development of Phase 1.
Upsized Export Capacity: Upon completion of both phases, the CP2 facility is projected to reach 28 million metric tons per year (MTPA). This milestone positions Venture Global to potentially surpass Cheniere Energy as the largest LNG exporter in the U.S.
Regulatory Momentum: Federal regulators recently advanced the $28 billion project following a positive environmental review, allowing for accelerated site work and long-term export permits to non-FTA countries.
Market Context: U.S. LNG activity remains high due to shifting federal policies. Nearby projects like Golden Pass (Texas) are also eyeing 2026 production starts, signaling a massive year for North American energy infrastructure.