The US LNG supplier Venture Global has announced a final investment decision (FID) and the successful closing of an USD8.6bn project financing for the second phase of its third project, Venture Global CP2 LNG (CP2), located in Cameron Parish, Louisiana (United States) (Venture Global press release, 13/03/2026).
"CP2 will have a peak production capacity of 29 Mt/year and has contracted to sell nearly all of its nameplate capacity on a long-term basis, with customers predominantly located in Europe and Asia", according to the company’s press release.
Venture Global now holds a total contracted capacity of over 49 Mt/year, representing nearly all of its nameplate capacity across all three of its projects in Louisiana. The company's portfolio stands at over 100 Mt/year of capacity in production, construction, or development.