The final export authorization for Venture Global’s CP2 LNG was obtained last year, following the conditional authorization in March 2025 and was seen as a reflection of the Federal Energy Regulatory Commission’s May 2025 decision approving the siting, construction, and operation of the facility.
The launch of site works and the initiation of full mobilization at the development came after the developer took a final investment decision (FID) in July 2025 and closed the project financing. Worley was tasked with bringing the $28 billion LNG terminal to life.
Located in Louisiana, the LNG terminal will be built at an approximately 1,150-acre site in Cameron Parish, with the proposed CP Express pipeline set to originate in Jasper and Newton County, Texas, before it ends at the CP2 LNG terminal in Cameron Parish, where it will feed natural gas to the proposed LNG facility.
The associated marine facility will be situated on Monkey Island, between the Calcasieu Ship Channel and Calcasieu Pass . CP2 LNG is Venture Global’s third LNG export project, with the Calcasieu Pass project coming online in March 2022 and the Plaquemines LNG project beginning exports in late 2024.
Phase 2 will have a total liquefaction facility of 5.6 mtpa and include ten liquefaction trains and two 200,000 cubic meter storage tanks. Wood Mackenzie claims that the liquefaction trains will be identical to the mid-scale, modular design implemented at the operational Calcasieu Pass LNG terminal.