HOUSTON, May 23 (Reuters) - U.S. regulators have given

Venture Global ( VG ) permission to proceed with construction of

its CP2 LNG plant in Louisiana, a FERC document showed on

Friday.

If constructed, CP2 will be the single largest LNG export

facility in the U.S. and help the country remain the world's

largest exporter of the superchilled gas. It also could make

Venture Global ( VG ) the

largest U.S. LNG company

.

The decision follows a final environmental study that shows

the 28 million metric tons per annum plant is in the public

interest.

Venture Global ( VG ) had obtained approval to construct the

plant, but after a court ruling, FERC conducted an additional

environmental review of the impact on air quality.

The study concluded that the project should be allowed to

continue.

"Neither the presumptive stay ...nor the Commission's

regulations barring construction for a limited period pending

rehearing will apply upon issuance of this order," federal

regulators said.

Venture Global ( VG ) did not immediately respond to a request for

comment.

The additional review followed an August 2024 decision from

the U.S. Court of Appeals for the District of Columbia Circuit

that quashed FERC approval of rival LNG exporter NextDecade's ( NEXT )

plant at the Port of Brownsville, Texas. In light of

the court ruling, FERC decided to review the CP2 project's

impact on air quality.

CP2 has been at the center of a fight between the energy

sector and environmentalists seeking to limit future LNG

projects on the U.S. Gulf Coast.