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Venture Global looks to build four LNG export terminals in Louisiana - The Advocate

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Venture Global LNG plans to build another liquefied natural gas export terminal in Cameron Parish and has begun the pre-filing process with the Federal Regulatory Energy Commission. 

It would mean that the Arlington, Virginia-based company looks to invest about $30 billion across Louisiana if all of its proposed projects are completed. 

Venture Global LNG filed paperwork with the Federal Regulatory Energy Commission on Jan. 21 outlining plans for its fourth LNG export terminal, known as CP2 LNG, and expects to file its formal application in September. The company expects to begin construction in second-quarter 2023 for the first phase of the CP2 LNG project, start shipping cargoes of LNG in 2025 and complete the project in 2026.

The cost of an LNG export facility of that size could be upward of $8.5 billion, support thousands of construction jobs and hundreds of permanent jobs, based on estimates from its similar-sized Delta LNG and Plaquemines LNG terminals planned in Plaquemines Parish south of New Orleans.

The 20 million tons per year CP2 LNG export terminal would be adjacent to Venture Global's Calcasieu Pass site in Cameron Parish, near the Gulf Coast on an 846-acre site. An expansion could bring the capacity to 24 million tons. 

Venture Global LNG is currently building the Calcasieu Pass LNG terminal, which cost $4.5 billion, and also expects to begin site preparation for construction of Plaquemines LNG early this year. The company has said that the first phase of Delta LNG would begin in 2024 and a second phase in 2025.

The path of the pipeline for CP2 LNG begins in Texas and runs mostly west of Lake Charles.