Venture Global’s CP2 LNG to start mobilization and site preparation

FERC said on May 30 it had granted Venture Global CP2 LNG’s July 2024 request.

“In considering this notice to proceed, we have reviewed CP2 LNG’s implementation plans, and the best management practices described in your application and subsequent filings,” FERC said.

FERC said this letter authorizes only the following activities.

These include mobilization, utility connections and installation of water wells, dewatering and drainage, establishment of temporary access controls, construction of temporary facilities, including access roads and parking areas, installation of erosion control measures, site preparation, and use of existing marine offloading facilities.

In a separate letter, FERC also authorized CP2 LNG to start construction activities for the test pile program for the LNG storage tanks.

FERC recently reaffirmed its previous approval of Venture Global’s CP2 LNG project and the project’s pipeline.

The CP2 LNG plant will be located next to Venture Global’s existing Calcasieu Pass liquefaction plant in Louisiana, which started commercial operations in April.

CP2 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.