Venture Global (VG) received approval from the U.S. Department of Energy to export liquefied natural gas to non-FTA countries for its third project, CP2 LNG, located in Cameron Parish, Louisiana. 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.
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