Venture Global Awaits Key Permitting Decision

Venture Global’s CP2 LNG export project in Louisiana is facing a delayed White House permitting decision based on New York Times reports this week – citing unnamed sources.

• An announcement from the Biden administration is anticipated as soon as Jan. 26 according to Platts reports.
• "This continues to create uncertainty about whether our allies can rely on US LNG for their energy security," a Venture Global spokesperson said after the NYT reports.
• The news this week comes after reports that the White House is considering broader changes to the criteria the DOE uses to approve new permits for new LNG projects – reported by Politico in early Jan.
• The 20 million mt/year CP2 project is being weighed against its impact on climate change, the economy and national security.
• "This would be a win for Russia and a loss for American allies, US jobs and global climate progress," API President and CEO Mike Sommers said in a statement Jan. 24. "There is no review needed to understand the clear benefits of US LNG for stabilizing global energy markets, supporting thousands of American jobs and reducing emissions around the world by transitioning countries toward cleaner fuels."