Policy and Legal

The Federal Energy Regulatory Commission has issued a new final supplemental environmental review for Venture Global’s CP2 liquefied natural gas project in Louisiana, bringing it a step closer to reality (E&E News, subscription).

What’s going on: FERC found that “the terminal and an associated compressor station wouldn’t cause ‘significant cumulative air quality impacts.’”

The project: “The CP2 facility has a nameplate liquefaction capacity of 20 million metric tons per year, but it could produce even more under peak conditions.”

• If approved expeditiously, the project could produce its first LNG by 2026, the company said last year.
• “With today’s [final environmental impact statement,] FERC has found twice-over that CP2 will have no significant air impacts,” Venture Global spokesperson Jess Szymanski said in an emailed statement to E&E News. “The project is ready to break ground and begin supplying U.S. allies with much-needed LNG as soon as the FERC Commission votes on the Final Order and issues a notice to proceed with construction.”

What’s next: The Final Order is slated for July, according to FERC’s website.

The NAM says: “LNG projects like Venture Global’s will help bolster the American economy by creating jobs here at home and enabling the U.S. to achieve energy dominance on the world stage,” said NAM Director of Energy and Resources Policy Michael Davin.