CP2 LNG is a natural gas liquefaction export terminal being developed in Louisiana, US, by Venture Global LNG, a liquified natural gas (LNG) production company. It is the second LNG export terminal being developed by the company in Cameron Parish and the fourth in Louisiana.
The CP2 LNG project includes the development of an LNG terminal and the CP Express natural gas pipeline, which are being developed by Venture Global LNG’s subsidiaries Venture Global CP2 LNG and Venture Global CP Express, respectively.
The CP2 LNG facility will have an export capacity of 20 million tonnes per annum (mtpa) of LNG and a peak capacity of 24mtpa. It is being developed with an estimated investment of $10bn.
The construction at the project site is expected to commence in 2023 and the facility is anticipated to come on stream in the second quarter of 2026. It is expected to create more than 2,000 jobs during construction and 200 jobs during operations.
CP2 LNG terminal will cover an area of 546 acres (2.21km²) on a site adjacent to Venture Global LNG’s Calcasieu Pass LNG facility in Cameron Parish, Louisiana.
CP2 LNG export terminal development details
The pre-filing request for the CP2 LNG was submitted to the Federal Energy Regulatory Commission (FERC) in January 2021 and was accepted for review the following month.
The FERC issued final environmental impact statement (EIS) in December 2022 and the authorisation to proceed in February 2023.
CP2 LNG export terminal details
The CP2 LNG terminal will be developed in two phases of 10mtpa each. Each phase will include nine liquefaction blocks with each block having a capacity of 1.1mtpa.
The terminal will include a liquefaction plant with 18 single mixed refrigerant blocks, and four 200,000m³ containment LNG storage tanks (two under each phase) to allow for the storage and delivery of LNG. It also includes the development of two marine LNG loading docks and two cryogenic lines for LNG transfer from the storage tanks to the docks.
In addition, six pre-treatment facilities will be developed with each facility comprising an amine gas-sweetening unit to remove carbon dioxide and a molecular sieve dehydration system to remove water. Carbon capture and sequestration facilities along with carbon capture equipment will also be located within the project site.
A 1.47GW combined-cycle gas turbine power plant will also be developed as part of the project, in addition to six metre stations, administration, maintenance and control buildings, and ancillary facilities.
CP Express natural gas pipeline details
The CP Express pipeline will be 85.4 miles long (137.43km) and 48in in diameter. It will originate in Jasper County, Texas, and will feed natural gas to the CP2 LNG facility.
A 6-mile long (9.65km) lateral pipeline with a diameter of 24in will also be developed to connect the CP Express pipeline in the northwest Calcasieu Parish. It will connect the CP2 LNG terminal to the existing natural gas pipeline grid in east Texas and southwest Louisiana.
Moss Lake Compressor Station, a new natural gas-fired compressor station, is also planned to be constructed east of Vinton, Louisiana.
LNG sales and purchase agreements
In April 2023, Venture Global signed a sales and purchase agreement (SPA) with JERA, a power generation company based in Japan, to supply 1Mtpa of LNG from the LNG terminal for 20 years.
China Gas Hongda, a subsidiary of China Gas, a natural gas operator in China, agreed to buy 1Mtpa of LNG on a free onboard basis from the facility in February 2023.
In December 2022, INPEX Energy Trading Singapore, a subsidiary of INPEX, an exploration and production company based in Japan, agreed to offtake 1mtpa for 20 years from the facility.
EnBW, a utility company based in Germany, agreed to offtake 0.75mtpa for 20 years in June 2022 and increased it by an additional 0.5mtpa in October 2022.
Chevron, an energy company, committed to offtake 1Mtpa for 20 years in June 2022.
ExxonMobil LNG Asia Pacific, an affiliate of ExxonMobil, agreed to purchase 1mtpa in May 2022.
New Fortress Energy, a natural gas supplier signed an agreement to purchase 1mtpa for 20 years in March 2022.