Venture Global to Spend Over $10 Billion on Fourth Louisiana LNG Plant

Louisiana Governor John Bel Edwards said the new plant will create more than 1,000 new permanent jobs and thousands of construction jobs.

Reuters

US LNG company Venture Global LNG said on Dec. 2 that it will invest more than $10 billion to develop a fourth LNG export facility in Louisiana.

The proposed CP2 facility will be located adjacent to its Calcasieu Pass LNG export plant, which is under construction and could produce first LNG in test mode later this year. Analysts have estimated Calcasieu Pass cost about $4.5 billion.

“These two projects (Calcasieu and CP2), combined with our Plaquemines LNG facility now under construction, represent more than $20 billion of investment in the State of Louisiana," Venture Global Chief Executive Mike Sabel said in a statement.

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