Venture Global’s $15B CP2 LNG project begins construction in Louisiana
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In May 2025, the Federal Energy Regulatory Commission issued final approval for Venture Global’s CP2 LNG export terminal in Cameron Parish, Louisiana. This decision concluded a months-long regulatory process that included a supplemental environmental review. The added scrutiny followed a court ruling involving another Gulf Coast LNG project, which prompted federal regulators to reassess regional air quality impacts. The commission ultimately confirmed that CP2 would not contribute to significant regional air pollution.
Separately, in March 2025, the US Department of Energy authorized Venture Global to export LNG to non-free-trade-agreement nations. Together, the two approvals cleared the final federal hurdles, providing the legal certainty needed to begin construction.
In late June, Venture Global asked for reaffirmation of the FERC ruling to prevent additional delays. Regulators responded swiftly, allowing the company to meet its construction timeline.
Final investment decision triggers full construction mobilization
On July 29, 2025, Venture Global confirmed its final investment decision for the CP2 LNG terminal and associated CP Express pipeline. The announcement followed the close of $15.1 billion in financing for the first phase of development. The funding was secured through a global syndicate of banks and institutional lenders.
The investment supports 14 million tons per annum of LNG capacity and the construction of a 4.4 billion cubic feet per day natural gas pipeline. The CP Express pipeline will extend 85 miles and connect the terminal with upstream gas networks across Louisiana.
Worley, the project’s engineering and construction contractor, received full notice to proceed immediately following the investment announcement. Procurement activities and construction logistics ramped up in late July.
LNG terminal construction kicks off in Cameron Parish
Construction began in late July 2025 on a 1,150-acre site near Monkey Island. Crews have launched civil works and foundational engineering, while modular liquefaction units are being manufactured off site. The project’s modular design is intended to reduce on-site labor demands and improve schedule reliability.
Venture Global projects initial LNG exports will begin in the third quarter of 2027. Once complete, the facility will produce up to 28 million tons per year at full capacity. The CP Express pipeline will deliver feed gas from multiple production hubs, making the terminal a core component of the state’s energy infrastructure.
Strategic export goals and long-term sales agreements drive the project
Venture Global has signed multiple long-term agreements to support CP2’s output. Buyers include Eni, Chevron, ExxonMobil, JERA, SEFE, EnBW, Inpex, and China Gas Holdings. In total, the company has secured commitments covering more than 9 million tons of annual volume.
Eni’s agreement is the Italian company’s first US LNG supply contract. Other agreements reflect a growing global shift toward long-term gas supply security in regions facing energy volatility and declining domestic production.
The contracts include flexible terms that allow for destination changes and pricing structures adjusted to regional benchmarks. These features give buyers supply resilience and pricing certainty, strengthening the project’s commercial foundation.
Job creation and economic projections highlight local impact
Venture Global estimates that up to 7,500 direct jobs will be created during peak construction. After completion, the terminal will support approximately 3,000 jobs across Louisiana, including 400 permanent roles based in Cameron Parish.
The company projects over $4 billion in new property tax revenue will be generated over the project’s lifecycle. These funds are expected to benefit schools, first responders, and infrastructure services in coastal parishes.
Venture Global has committed to workforce development through training partnerships focused on skilled trades, operations, and logistics. The investment offers an opportunity for the region to recover from population loss and disaster-related disruptions.
Despite regulatory approvals, the CP2 project remains controversial. Environmental groups have raised concerns about emissions, marine disruption, and cumulative effects on public health. The terminal’s expected emissions have been compared to those of 1.8 million cars.
Venture Global’s nearby Calcasieu Pass facility faced over 2,000 permit violations in 2022, leading critics to question enforcement and oversight. Community groups have also opposed the lack of carbon capture systems at CP2, arguing that the company is not taking enough action to address long-term emissions.
Residents in Cameron Parish have filed petitions and raised concerns about fishing grounds, air quality, and hurricane risk. While state and federal regulators have cleared the project, local resistance underscores broader debates over the pace and scope of LNG development in the Gulf Coast.
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