U.S. regulators approve Louisiana LNG project over climate objections

Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and a litmus test for the Biden administration’s energy policies.

The multi-billion-dollar export plant proposed by Venture Global LNG would supply 20 million metric tons a year of the superchilled gas to customers in Europe, Japan, China and to U.S. exporters. Venture Global was not immediately available for comment. FERC’s approval clears the way for Reston, Virginia-based Venture Global LNG to become the second-largest U.S. LNG exporter, behind Cheniere Energy. The company has two plants operating or under development in Louisiana and aims to build 100 million tons of LNG capacity in the future.

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