ARLINGTON, Va., June 27, 2024
/PRNewswire/ -- Today, Venture Global issued the following
statement on the Federal Energy Regulatory Commission's (FERC)
approval of CP2 LNG, the company's third export facility.
"Venture Global applauds the Commission and FERC staff for their
independent and thorough review and approval of CP2 LNG,"
said Mike Sabel, CEO of
Venture Global LNG. "This project will be critical to global
energy security and supporting the energy transition, as well as
provide jobs and economic growth across Louisiana and the
United States. We appreciate Commissioner Clements'
service on the Commission and look forward to continuing to work
with Chairman Phillips, Commissioner Christie, and the newly
confirmed commissioners as well the outstanding FERC staff.
I'd like to thank the Venture Global team who has worked with
professionalism and great resolve to answer all requests from our
regulators. We look forward to a swift non-FTA approval from the
U.S. Department of Energy for this project that is critical to both
global and national security."
To date, the initial phase of CP2 has been sold through 20-year
sales and purchase agreements with ExxonMobil, Chevron, JERA, New
Fortress Energy, INPEX, China Gas, SEFE and EnBW. In addition,
CP2 LNG has also recently signed an HOA with DTEK of
Ukraine. Venture Global is in
active discussions for the remaining capacity, and has launched
significant off site construction of the project.
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