Venture Global LNG Inc,, a developer of liquefied natural gas projects, plans to invest $10 billion to build a fourth LNG export terminal in Louisiana and an 85-mile pipeline, the Arlington, Va. company said Dec. 2.
The project, which the company formally submitted to the Federal Energy Regulatory Commission for approval, is called CP2 and would have an estimated 20-million-ton-per-year liquefaction capacity. It would be built in Cameron Parish along the Gulf of Mexico coast, about 50 miles south of Lake Charles and adjacent to the 10-million-ton-per-year Calcasieu Pass export terminal, a $4.5-billion project now under construction by a unit of Kiewit Co. and expected to begin operation in late 2022, the company said.