Venture Global LNG Inc. received US Department of Energy final export authorization for its 28-million tonne/year (tpy) CP2 LNG plant in Cameron Parish, La., allowing exports of up to 3.96 bcfd to non-free trade agreement (FTA) countries. The authorization follows Federal Energy Regulatory Commission (FERC) approval earlier this year of CP2’s siting, construction, and operation.
Venture Global took final investment decision on the project’s 14-million tpy Phase 1 in July 2025, targeting a 2027 in-service date. The company says it has a total of 43.5 million tpy of offtake under contract between its 10-million tpy Calcasieu Pass LNG plant, 20-million tpy Plaquemines LNG plant, and CP2 LNG.
Macquarie Group Ltd.’s June 2025 LNG global supply-demand outlook forecast a “reasonably balanced market” through third-quarter 2026, with a shift to “heavy oversupply” in 2027-28. In the US, the Trump administration is keen to accelerate the pace of LNG plant development. But it’s not alone in these ambitions, and as 2025 has progressed, concerns have grown regarding potential oversupply.
Venture Global has also asked FERC for permission to introduce feed gas to the final block of its 22.5-million tpy Plaquemines LNG plant. The plant was built using 36 0.626-million tpy trains configured in 18 blocks and has been exporting LNG on the spot market since December 2024.
