Venture Global Receives Approval to Build CP2 LNG Plant in Louisiana

It was recently revealed that U.S. regulators have granted approval for Venture Global, Inc. (NYSE:VG)’s CP2 LNG plant in Louisiana. Let’s shed some light on the development.

A closeup of the Rio Grande LNG terminal facility, showing its massive scale.

Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently among the largest LNG exporters in the United States.

It was reported on May 23, 2025, that U.S. regulators have given the go-ahead for Venture Global, Inc. (NYSE:VG)’s CP2 LNG plant in Louisiana, according to a document from the Federal Energy Regulatory Commission. The green light reaffirmed the regulator’s original 2024 approval for CP2, following an environmental study that showed no major concerns from federal regulators. The 28 million metric tons per annum (mtpa) plant has been at the very heart of a disagreement between the energy sector and environmentalists seeking to curb future LNG projects on the country’s Gulf Coast.

With the federal approval finally in hand, Venture Global, Inc. (NYSE:VG) stated that it plans to launch on-site construction ‘immediately’. The enthusiasm is not overstated, because once its CP2 plant is up and running, Venture Global is set to surpass Cheniere Energy to become the biggest LNG company by liquefaction capacity in the United States.

Only a startup three years ago, the LNG exporter already boasts two operational facilities in Louisiana with a combined capacity to produce 38.5 mtpa. So the latest CP2 project will lift Venture Global’s total capacity to 66.5 mtpa, helping it overtake Cheniere’s expected 60 mtpa of capacity by that time.

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