The Federal Energy Regulatory Commission FERC has granted authorizations for Venture Global’s CP2 LNG Project in Louisiana, the first LNG project to secure a construction authorization since the Biden Administration paused project permitting in January. FERC granted Venture Global authorization for the construction of CP2 LNG, the company's third export facility, and the related CP Express Pipeline Project.
“This project will be critical to global energy security and supporting the energy transition, as well as provide jobs and economic growth across Louisiana and the United States,” said Mike Sabel, CEO of Venture Global LNG. “We look forward to a swift non-FTA approval from the U.S. Department of Energy for this project that is critical to both global and national security,” Sabel added. At the end of January, the Biden Administration said it was pausing all pending decisions on U.S.