Trump DOE approves Venture Global LNG exports from Louisiana (U.S.) project
U.S. President Donald Trump's administration granted Venture Global LNG approval on Wednesday to export natural gas from a proposed Louisiana facility, which had faced delays under former President Joe Biden.
The Energy Department (DOE) said in a press release that it has authorized widespread exports from the company's CP2 project in Cameron Parish.
"The benefits of expanding U.S. LNG exports have never been more clear, and I am proud to be taking action to support the American people and our allies abroad with more affordable, reliable, secure American energy," said Energy Secretary Chris Wright.
The export permit approval is the fifth LNG-related approval from the DOE since President Donald Trump took office and lifted a freeze on new export permits imposed by the previous administration to study their environmental impacts.
Despite securing the export permit, the CP2 project remains subject to final approval from other federal regulators.
Earlier in December, the Federal Energy Regulatory Commission (FERC) pulled Venture Global LNG's authorization to construct the CP2 export facility, requiring an additional environmental review of air quality impact.
CP2 has been at the center of a fight with environmentalists seeking to limit future LNG projects on the U.S. Gulf Coast. The 20-metric MMtpy facility won FERC construction approval in June.
Venture Global's stock price has dropped 33% from last month.
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