CP2 LNG Terminal
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CP2 LNG Terminal, also known as Calcasieu Pass 2 LNG Terminal, is a proposed LNG terminal in Cameron Parish, Louisiana, United States.[1]
Location
Project Details
- Owner: Venture Global CP2 LNG, LLC[2]
- Parent: Venture Global LNG[3]
- Location: Cameron Parish, Louisiana, United States[1]
- Coordinates: 29.77427234, -93.32394745 (approximate)
- Type: Export[1]
- Trains: 18 blocks[1]
- Capacity: 20 mtpa (1.1 mtpa per block)[1][4]
- Status: Proposed, pre-FID[5]
- Costs: more than US$10 billion[6]
- Start Year: 2026[4]
- Associated Infrastructure: CP Express Pipeline[1]
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
In January 2021, Venture Global announced that it was seeking to enter the pre-filing process at the US Federal Energy Regulatory Commission (FERC) for another major LNG export project. This project would be capable of producing up to 24 million tonnes per year (mtpa) in Cameron Parish, Louisiana, and an 87.5-mile pipeline project, called the CP Gas Pipeline, running from Jasper County, Texas, to the facility.[1]
The company already is building the Calcasieu Pass LNG Terminal in Cameron and has received FERC authorization to build the Plaquemines LNG Terminal as well. In 2020, Venture Global also began the early FERC review stage for the Delta LNG Terminal, an up to 24 mtpa facility in Plaquemines Parish, south of New Orleans, although the company did not mention that facility in its latest filing.[1]
The CP2 LNG project would include 18 liquefaction blocks, each with a nameplate capacity of about 1.1 mtpa, four LNG full containment storage tanks, two marine loading berths, and an onsite, 1,400 MW combined cycle gas-turbine power generation station. The LNG terminal would be adjacent to the Calcasieu Pass LNG Terminal.[1]
The project will be built in two phases of 10 mtpa nameplate capacity each, as would the 48-inch-diameter pipeline with 84,000 hp of compression allowing for up to 2 Bcf/d in the first phase, bringing the total up to 4 Bcf/d, in the second. The first phase would start construction with receipt of regulatory approvals, while the second would depend upon market conditions, according to the FERC filing (PL21-1).[1] Phase one construction activities are aimed to be commenced in the second quarter of 2023, with the first deliveries planned for the second quarter of 2025. Full commercial operations are expected to be achieved by mid-2026. Construction of the remaining terminal facilities will be built in the second phase, with construction and operational timelines to be determined by and dependent on market conditions.[4]
In December 2021, Venture Global submitted an application to FERC for authorization to build and maintain the CP2 LNG Terminal and CP Express Pipeline.[7]
In March 2022, Venture Global announced that New Fortress Energy had signed a contract to purchase 1 mtpa of LNG from CP2 LNG over a 20 year period.[8]
In May 2022, Venture Global announced that ExxonMobil LNG Asia Pacific had agreed to purchase 1 mtpa of LNG from the facility for an unspecified, long-term duration.[9]
In June 2022, Venture Global announced a sales and purchase agreement with Chevron under which it will sell 2 mtpa split between CP2 LNG and its Plaquemines LNG Terminal.[10] Venture Global also announced a deal with the German utility EnBW Energie Baden-Wuerttemberg AG, which will buy 1.5 mtpa for 20 years starting in 2026. Venture Global did not specify whether this supply will come from CP2 LNG or one of Venture Global's other projects.[11]
In July 2022, FERC suspended the environmental review process for CP2 LNG Terminal and the CP Express Pipeline because Venture Global had failed to provide information related to its draft biological assessment and analysis of the cumulative impacts of the project.[12]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Maya Weber & Harry Weber, Venture Global seeks to enter early FERC review for another US LNG terminal, S&P Global, Jan. 25, 2021
- ↑ Venture Global CP2 LNG, LLC - FE Dkt. No. - 21-131-LNG. U.S. Department of Energy. May 4, 2022.
- ↑ "CP2 LNG • Venture Global LNG". Venture Global LNG. Retrieved 2022-05-17.
- ↑ 4.0 4.1 4.2 Adnan Bajic, Venture Global asks to start pre-filing for its fourth LNG project, Offshore Energy, Jan. 26, 2021
- ↑ Ellie Holbrook, Venture Global plans CCS project for LNG facilities, Argus Media, May 27, 2021
- ↑ Venture Global LNG. "Venture Global and Louisiana Governor John Bel Edwards Announce Proposed CP2 LNG Export Facility". www.prnewswire.com. Retrieved 2023-01-09.
- ↑ "eLibrary". elibrary.ferc.gov. Retrieved 2021-12-02.
- ↑ LNG Global. Venture Global LNG Sales and Purchase Agreements with New Fortress Energy. March 16, 2022.
- ↑ "Venture Global inks long-term LNG sale and purchase deals with ExxonMobil". Offshore Energy. 2022-05-11. Retrieved 2022-05-11.
- ↑ Chevron Taps Into LNG Boom With Cheniere, Venture Global Deals. U.S. News & World Report. June 22, 2022.
- ↑ News, Bloomberg (2022-06-21). "German Utility Signs Long-Term Deal to Buy LNG From the US - BNN Bloomberg". BNN. Retrieved 2022-07-07.
{{cite web}}:|last=has generic name (help) - ↑ "POLITICO Pro: FERC suspends environmental review of pipeline, LNG terminal". subscriber.politicopro.com. Retrieved 2022-07-07.
