Venture Global kicks off CP2 LNG site work

Venture Global said on Tuesday that the launch of the site work comes shortly after CP2 received final approval and notices to proceed from the US FERC, and weeks after receiving its non-FTA export authorization from the US DOE.

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.

Moreover, it is expected to have peak production capacity of up to 28 mtpa.

Venture Global estimates that the total project costs for the CP2 project, including both phases, will range from about $27 billion to $28 billion.

In March, Venture Global announced it had launched the formal FID process for CP2 LNG.

Up to 7,500 construction jobs

Venture Global said the project is expected to support approximately 3,000 new jobs in Louisiana – 400 of which will be direct, permanent employees of CP2 – and pay more than $4 billion in local property taxes during its operation.

At peak construction, CP2 is expected to employ approximately 7,500 direct construction jobs and support tens of thousands of indirect subcontractor, part-time and full-time jobs in over 30 states, it said.

Building off Venture Global’s “design one, build many” modularized LNG facility strategy, CP2 is already “well advanced” in engineering, procurement, and contracting.

Separate from the site work commencing now, the project already has “significant” off-site work underway on the project modules and equipment, the company said.

“This significant engineering and off-site progress now positions CP2 as one of the most advanced LNG export projects under development in the United States and we believe, once completed, will position Venture Global to become the top exporter of US LNG,” Venture Global said.

The company anticipates starting LNG deliveries from the project at the beginning of 2027, as part of the commissioning phase.