Venture Global Breaks Ground on CP2 LNG Facility in Louisiana, Targets Global Export Leadership

Venture Global (VG) has officially started construction on its Calcasieu Pass 2 (CP2) LNG export facility in Cameron Parish, Louisiana. The CP2 project marks VG’s third major LNG terminal and positions the company to become the largest exporter of liquefied natural gas in the United States and the second-largest globally once operations begin.

The facility is expected to begin bringing new LNG supply to market by 2027, further cementing the Gulf Coast's strategic role in global energy infrastructure.

“This is the third LNG facility VG will have built, and upon completion, it will propel VG to be the largest LNG exporter in the United States and the second largest in the world. Pretty heady stuff,” a company source noted.

Located in southwest Louisiana, CP2 will significantly expand U.S. export capacity, likely sourcing natural gas from prolific shale regions such as the Marcellus and Utica basins.

“Given the facility's location, we're confident that at least some (perhaps a lot) of Marcellus/Utica molecules will help feed it,” the company added.

The CP2 project follows the original Calcasieu Pass and Plaquemines LNG projects, which have helped establish Venture Global as a major force in the U.S. LNG industry. The company has emphasized modular construction and fast-track delivery as keys to its success and expects CP2 to follow a similar path.

The CP2 terminal will feature up to 20 liquefaction blocks, each designed for scalable output, reflecting VG's modular strategy that has proven successful at other sites. Once operational, CP2 is projected to have a capacity of around 20 million metric tons per annum (MTPA).

The timing of the project is significant: global demand for LNG continues to grow amid geopolitical shifts, energy security concerns, and transitions to lower-emission fuel sources. CP2 is expected to serve both European and Asian markets, strengthening U.S. energy diplomacy and contributing to supply diversification efforts worldwide.

Venture Global has already signed long-term offtake agreements with major global buyers, including Shell, BP, Repsol, and Chevron, and CP2’s addition will give the firm a total LNG capacity that rivals Qatar and Australia.

In addition to its commercial benefits, CP2 is expected to generate significant local economic impact, creating thousands of construction jobs and long-term operational roles in Cameron Parish.

Originally reported by Marcellus Drilling News.