Venture Global’s $10 billion CP2 liquefied natural gas terminal in Louisiana just cleared its final federal hurdle, Reuters reports.
The project earned U.S. Energy Secretary Chris Wright’s approval to export LNG to nations without free trade agreements—mainly in Europe and Asia. The authorization, reversing the Biden-era pause on such permits, enables exports of up to 28 million metric tons per year beginning in 2027.
Venture Global, already the nation’s second-largest LNG exporter, could overtake Cheniere Energy as the largest once CP2 comes online. Energy officials say the decision underscores the Trump administration’s push to “unleash American energy” through record LNG export approvals, while company executives call it a milestone for strengthening U.S. energy leadership abroad and expanding global access to reliable, lower-carbon fuel.
