Proposed LNG export terminal clears one hurdle but others remain

(AP Photo/Martha Irvine)

What would be the nation’s largest export terminal for liquefied natural gas won approval from a federal commission Thursday, but when the Louisiana project will be completed remains unclear in light of a Biden administration delay announced this year on such projects.

Venture Global’s Calcasieu Pass 2 project in southwestern Louisiana, often referred to as CP2, was approved with little discussion by the Federal Energy Regulatory Commission during a livestreamed meeting. However, the project, which would be Venture Global’s second such facility in the area, still needs Department of Energy approval, and its immediate prospects are uncertain, given the administration’s January pause.

The DOE issued a statement saying the project’s application at the department “remains pending.”

“The United States already is and will remain the largest exporter of LNG in the world throughout this decade by a substantial margin based on the authorized export capacity that is currently operational or under construction after having reached a final investment decision,” the department said.

Read the full story.