Federal agency's approval of proposed LNG terminal sets up a showdown

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Federal Energy Regulatory Commission News

Whether the Louisiana project is built may hinge on federal study of climate and economic impact of the burgeoning liquefied natural gas industry

What would be the nation’s largest export terminal for liquefied natural gas has won approval from a federal commission, although when the Louisiana project will be completed remains unclear in light of a Biden administration pause announced this year on such projects. Venture Global’s Calcasieu Pass 2 project in southwestern Louisiana, often referred to as CP2, was approved Thursday by the Federal Energy Regulatory Commission.

Texas, Louisiana and 14 other states challenge Biden administration’s pause on LNG projects “The United States already is and will remain the largest exporter of LNG in the world throughout this decade by a substantial margin based on the authorized export capacity that is currently operational or under construction after having reached a final investment decision,” the DOE said.

an independent body of regulators appointed by the president and confirmed by the Senate, has yet to reject an LNG terminal. Louisiana’s two Republican U.S. senators, officials from other energy producing states and industry officials have derided the administration's pause as shortsighted and a boon to U.S. adversaries that produce energy, including Iran and Russia.

Biden LNG pause draws Republican ire at congressional hearing But some residents and environmentalists in Louisiana — which is dependent on oil and gas dollars but increasingly vulnerable to the effects of climate change — are wary of more LNG development.

 

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