Venture Global Gains Final Approval to Export LNG from Louisiana CP2 Plant by 2027

Venture Global, Inc. received final US Department of Energy approval from the Trump administration to export liquified natural gas (LNG) from its CP2 facility in Louisiana to countries without free trade agreements, enabling exports of 28 million metric tons per year starting in 2027. Meanwhile, Commonwealth LNG in Louisiana was granted a four-year extension by the Federal Energy Regulatory Commission (FERC) to complete its export terminal, extending the deadline to the end of 2031 due to delays including legal challenges and delayed DOE licensing. Despite environmental groups' concerns about ecological and climate impacts, FERC approved the extension without public protest, while Commonwealth has pledged to pursue legal options following a state permit remand. In related developments, Amigo LNG in Mexico is nearing a final investment decision on its $3.5 billion liquefaction project with full offtake commitments and secured financing, targeting market entry ahead of an expected LNG surplus. These projects reflect ongoing growth and regulatory navigation in the US and regional LNG export sector amid evolving market dynamics and environmental scrutiny. Additionally, US utilities LG&E and KU have been approved for nearly $3 billion in new gas-fired power plant units to meet rising electricity demand from data centers, signaling broader energy infrastructure expansion.