FERC approves Venture Global's Calcasieu Pass 2 LNG project in Louisiana [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
The approval allows the construction and operation of the CP2 LNG plant and its associated 137km pipeline. The decision by FERC to approve the CP2 LNG project comes amid a broader discussion on natural gas exports and their impact on both local consumers and global climate change, according to Reuters Venture Global's project is awaiting a separate permit from the Department of Energy for exporting the gas, reported Politico It is set to include 18 LNG blocks , four storage tanks and two marine docks. Methane, a key component of natural gas, is known for its significant contribution to global warming when released into the atmosphere. However, it remains a critical source of energy for electricity generation and heating in the US and other parts of the world. The CP2 LNG terminal is expected to have a nameplate export capacity of 20 million tonnes per annum (mtpa), with the potential to reach around 24mtpa at its peak. The proposed facility, which would be situated adja
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