March 19 (Reuters) - U.S. President Donald Trump's

administration is set to grant Venture Global LNG

conditional approval to export natural gas from a proposed

Louisiana facility, which had faced delays under former

President Joe Biden, Bloomberg News reported.

The Energy Department is set to authorize widespread exports

from the company's CP2 project as soon as Wednesday, the report

said on Wednesday, citing a person familiar with the matter.

However, CP2 remains subject to final approval from federal

regulators.

The U.S. Energy Department, the White House, and Venture

Global ( VG ) did not immediately respond to Reuters' request for

comments.

Earlier in December, the Federal Regulatory Energy

Commission (FERC) pulled Venture Global LNG's authorization to

construct its CP2 export facility, requiring an additional

environmental review of air quality impact.

CP2 has been at the center of a fight with environmentalists

seeking to limit future LNG projects on the U.S. Gulf Coast. The

20 million metric tons per annum facility won FERC construction

approval in June.

Venture Global's ( VG ) stock price has dropped 33% from last

month.