USA: Plant Engineering Venture Global to Invest 10+ Billion Dollars for Building New LNG Export Plant
Venture Global has plans to invest more than 10 billion dollars for establishing a new LNG export facility (CP2) in the State of Louisiana, USA. This will be the fourth plant set up by the company in the state and it also plans to develop a CP express pipeline which will provide natural gas to the CP2 LNG facility.
Arlington/USA – Venture Global LNG and Louisiana Governor John Bel Edwards recently announced that the company will invest more than 10 billion dollars to develop a fourth LNG export facility in the State of Louisiana, USA. The new project, CP2 LNG (CP2) will be located in Cameron Parish, adjacent to Venture Global’s first facility, Calcasieu Pass.
This announcement brings Venture Global’s total planned capital investment in the State of Louisiana to more than 20 billion dollars. CP2 will result in thousands of good paying jobs and an estimated 2 billion dollars in new local revenue during the life of the project. The project will also develop Carbon Capture and Sequestration (CCS) at its facilities.
Venture Global also announced that it has submitted a formal application requesting authorization from the Federal Energy Regulatory Commission (FERC) to site, construct and operate the CP2 LNG facility and the CP express pipeline. CP2 LNG will build, own and operate a liquified natural gas (LNG) terminal with a nameplate liquification capacity of 20 million metric tons per annum (MTPA) of LNG. The CP Express pipeline will provide natural gas to the CP2 LNG facility.