The Federal Energy Regulatory Commission (FERC) on June 27 approved a proposal to build an export terminal in Louisiana designed to ship up to 20 million metric tons of liquified natural gas (LNG) a year to overseas buyers’ The proposal had been pending for nearly a year.
The green-light comes after the Biden administration in January imposed a “pause” on issuing new LNG export permits as part of a newly fashioned “public interest” review process that won’t be completed until at least January 2025.
FERC approved in a 2–1 vote, an order granting Venture Global LNG, Inc. a tentative green-light to proceed with its proposed $10 billion CP2 LNG export terminal in Cameron Parish, Louisiana, and CP Express 85-mile pipeline….