Worley gets full notice to proceed for second CP2 LNG phase

Worley said on Thursday that this follows Venture Global reaching a final investment decision (FID) on the $8.6 billion second phase of the CP2 LNG project on March 13.

It did not provide the pricing details of the contract.

The Australian firm has been providing EPC planning services for Phase 2 under a limited notice to proceed linked to the EPC contract.

In July last year, Worley received a full notice to proceed from Venture Global LNG for the first phase of the CP2 LNG project.

CP2 will have a peak production capacity of 29 mtpa and has contracted to sell nearly all of its nameplate capacity on a long-term basis with customers predominantly located in Europe and Asia, according to Venture Global.

The CP2 LNG plant site is situated adjacent to Venture Global’s existing Calcasieu Pass liquefaction plant in Louisiana, which commenced commercial operations in April last year.

Phase One has a nameplate capacity of 14.4 mtpa, but following improvements, Venture believes the peak run rate production level of Phase 1 should be closer to 20 mtpa.

Including Phase two, the 36 factory-built liquefaction trains from both phases should be capable of production of 29 mtpa once completed and commissioned.

However, Venture Global expects to add approximately 13 mtpa of bolt-on capacity at both CP2 and its Plaquemines LNG plant.

“The bolt-ons at CP2 and Plaquemines are straightforward liquefaction train and gas turbine additions that should add around 6.4 mtpa each,” Venture Global CEO Sabel said during a recent earnings call.

“The additions leverage the benefits of our modular approach, resulting in what we expect to be much lower cost and much shorter construction timelines,” Sabel said.

Venture Global is targeting FID for the CP2 bolt-on in early 2027 and for the Plaqumines bolt-on in mid-2027.