HOUSTON, Oct 21 (Reuters) - U.S. Secretary of Energy
Chris Wright gave Venture Global ( VG ) final approval on
Tuesday to export liquefied natural gas (LNG) from its CP2
plant, under construction in Louisiana, to countries that do not
have a free trade agreement with the U.S.
The approval will allow Venture Global ( VG ) to export 28 million
metric tons per annum (mtpa) or 3.96 billion cubic feet per day
of U.S. natural gas to so called non-Free Trade Agreement (FTA)
countries.
"In less than ten months, President Trump's administration
is redefining what it means to unleash American energy by
approving record new LNG exports," said Kyle Haustveit,
Assistant Secretary of the Office of Fossil Energy.
Venture Global ( VG ) is the second-largest U.S. exporter of LNG
and when the CP2 plant is complete could leapfrog Cheniere
Energy and become the largest U.S. exporter of the
super-chilled gas.
"We look forward to continue advancing the project safely
and quickly to bring new LNG to the global market at a record
pace beginning in 2027," Venture Global's ( VG ) CEO Mike Sabel said in
a statement to Reuters.
Companies need permission to export LNG to non-FTA
countries. The majority of buyers in Europe and Asia do not have
free trade agreements with the U.S.
In 2024, the U.S. under former President Joe Biden paused
issuing of non-FTA export permits to LNG developers so it could
study the environmental and economic impact of more U.S. export
of LNG.
The Trump administration reversed that decision.
The authorization follows the Department of Energy's
conditional authorization to Venture Global ( VG ) in March and the
Federal Energy Regulatory Commission's May approval to construct
the plant.