(In May 9 story, corrects to clarify that the additional review
was ordered by FERC, not by U.S. Court of Appeals, paragraph 5.
In same paragaph, deletes reference to the court orderng FERC to
reconsider the ramifications of the CP2 project on the air
quality. )
HOUSTON, May 9 (Reuters) - U.S. federal regulators
recommended in a final environmental report that Venture
Global's ( VG ) proposed CP2 liquefied natural gas export
project in Louisiana get the go-ahead, according to a government
document filed 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.
Venture Global ( VG ) already obtained approval to construct the 28
million tonnes per annum plant, but was forced to conduct an
additional environmental review of air quality impact following
a court ruling.
The study concluded that the project should be allowed to
continue, the document from the Federal Energy Regulatory
Commission showed.
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.