Venture Global LNG issued the following statement after the Federal Energy Regulatory Commission (FERC) issued a positive final environmental impact statement (FEIS) for Venture Global's third project, CP2 LNG.
"Venture Global thanks the Commission as well as the other cooperating NEPA agencies, including US. Army Corps of Engineers, Department of Energy, Coast Guard, PHMSA and the National Marine Fisheries Service, for their hard work to complete the Final Environmental Impact Statement (FEIS) for CP2 LNG," said Mike Sabel, CEO of Venture Global LNG."
"This is a major regulatory milestone for the project that puts us on track for a Commission vote and the commencement of construction later this year. CP2 continues to have robust commercial and financial momentum with approximately half of the project already sold out. This export facility will be vital to supporting long-term energy security and emissions reductions in both Europe and Asia for many years to come."
To date, 9.25MTPA of the 20MTPA nameplate capacity for CP2 has been sold under 20-year sales and purchase agreements, with active discussions ongoing for the remaining capacity.
Over half of the contracted capacity has been committed to German and Japanese customers. CP2 LNG customers, include ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, EnBW and SEFE.
CP2 LNG states that the purpose of the proposed project is to liquefy, store, and export a nameplate liquefaction capacity of 20 million tonnes per annum (MTPA) of LNG, with approximately 28.0 MTPA capacity possible under optimal conditions, to overseas markets by ocean-going vessels.
CP Express states that the purpose of the pipeline system (about 91 miles) is to create the firm transportation capacity needed to transport 4 billion cubic feet per day of feed gas required for the proposed LNG export operations from natural gas supply points in East Texas and Southwest Louisiana to the terminal facilities.
