In a significant milestone for U.S. energy infrastructure, Venture Global has officially begun site work on its third liquefied natural gas (LNG) export terminal, CP2 LNG, located in Cameron Parish, Louisiana. The move follows recent final approval from the Federal Energy Regulatory Commission (FERC) and export authorisation from the U.S. Department of Energy, marking the project’s full regulatory clearance.
With CP2 now underway, Venture Global is poised to become the largest LNG exporter in the United States and the second largest globally once the facility becomes operational in 2027. The company’s rapid expansion highlights a broader trend of U.S. energy producers increasing supply to meet international demand, particularly from Europe and Asia.
Mike Sabel, CEO and co-founder of Venture Global, praised federal regulators for their support of energy projects like CP2, which aim to strengthen energy security abroad while generating economic opportunities at home.
“With all federal approvals now secured, we’re thrilled to launch construction on a project that will provide affordable, reliable LNG to our global partners starting in 2027,” Sabel stated. “CP2 marks our third major facility to move from concept to construction in just five years, a testament to the commitment and execution of our entire team.”
The CP2 project is expected to deliver significant economic benefits to the state of Louisiana. During peak construction, the site will employ approximately 7,500 workers and create an estimated 3,000 long-term jobs, including 400 direct permanent roles. Additionally, it is projected to contribute over $4 billion in local property taxes during its lifespan.
CP2 also plays a crucial role in advancing the U.S. position in the global LNG market. As demand for American natural gas continues to rise, particularly in Europe and Japan, CP2’s added export capacity will help stabilise global energy markets and support energy diversification efforts among U.S. allies.
Venture Global is replicating its successful “design one, build many” modular strategy, which it first deployed at Calcasieu Pass and then at Plaquemines LNG. This model allows the company to accelerate development timelines through standardised design and prefabricated modules.
Beyond the physical site, off-site module fabrication and engineering are already well advanced, giving CP2 a significant head start compared to other LNG projects still seeking permits or financing.
Once fully operational, Venture Global expects to contribute over 100 million tonnes per annum (MTPA) of LNG production capacity, all sourced from North American gas fields. The company also plans to integrate carbon capture and sequestration (CCS) infrastructure across its LNG portfolio, aligning with broader climate goals.
Founded in 2013, Venture Global has emerged as one of the fastest-growing players in the global LNG space. Its first facility, Calcasieu Pass, began operations in 2022 and reached commercial scale by April 2025. Its second terminal, Plaquemines LNG, began producing LNG in late 2024.
The company’s ambitious pipeline reflects a wider geopolitical reality: energy security and climate concerns are converging, and companies capable of delivering scalable, lower-emission solutions are becoming increasingly vital.
As CP2 LNG moves from groundbreaking to full-scale construction, it cements Venture Global’s reputation as a key enabler of global energy resilience. With backing from public agencies and robust international demand, the project underscores how the next generation of U.S. energy infrastructure is being built, modular, efficient, and globally minded.