Venture Global Taps Worley for CP2 LNG Export Expansion in Louisiana

Venture Global has awarded an EPC contract for the next phase of its CP2 LNG facility in Louisiana, signaling renewed momentum in U.S. LNG export development following recent permitting shifts.

(Reuters) — U.S.-based LNG company Venture Global has entered into an engineering, procurement and construction contract with Worley Field Services to build the second phase of its CP2 export facility in Louisiana, according to a regulatory filing on Feb. 2.

Commercial activity has picked up in the U.S. LNG sector after President Donald Trump lifted a moratorium on new export permits soon after coming into office last year.

After the completion of both phases, the CP2 facility will have a total capacity of 28 million metric tons per annum, which could enable Venture Global to leapfrog Cheniere Energy LNG.N and become the largest U.S. exporter of the super-chilled gas.

The company has become the second-largest LNG exporter in the country only four years after it built its first plant, the Calcasieu Pass in Louisiana.