Venture Global and Woodside advance mega LNG projects in Louisiana

Two major liquefied natural gas (LNG) projects are gaining momentum in Louisiana, marking a fresh wave of investment on the U.S. Gulf Coast and further expanding the Gulf’s role in global energy supply.

In early June, Venture Global announced the start of site work at its $28 billion CP2 LNG export facility in Cameron Parish, Louisiana, following final federal approvals. With a planned capacity of 20 million metric tons per annum (MTPA), CP2 is set to become one of the largest LNG terminals in the world.

The groundbreaking follows receipt of key Notices to Proceed from the Federal Energy Regulatory Commission (FERC) and non-FTA export authorization from the U.S. Department of Energy.

“This final authorization from DOE, alongside FERC’s recent approval to commence site construction, paves the way for Venture Global to continue delivering low-cost, clean U.S. LNG to our allies around the world for decades to come,” the company said.

CP2 LNG is expected to generate approximately 3,000 construction jobs and create 400 permanent positions, with more than $4 billion in projected local property tax contributions over the life of the facility.

Located next to Venture Global’s Calcasieu Pass site, CP2 will feature 18 liquefaction trains, four 200,000 m³ LNG tanks, and three marine berths. LNG exports are targeted to begin in 2027, backed by long-term agreements with buyers including Chevron, ExxonMobil, and JERA.

Woodside Gives Green Light to Louisiana LNG

In late April, Woodside Energy approved its own major LNG development in Louisiana, announcing a $17.5 billion investment in a new facility in Calcasieu Parish. The project, named Louisiana LNG, will initially deliver 16.5 MTPA, with expansion potential up to 27.6 MTPA.

The project is billed as the largest single foreign direct investment in Louisiana to date. Construction is expected to support 15,000 jobs, with operations slated to begin in 2029.

Woodside CEO Meg O’Neill described it as a “transformational investment” that will support energy security while delivering substantial economic value to the region.

Infrastructure investor Stonepeak has partnered on the project, contributing $5.7 billion toward capital costs. Woodside retains a 51% stake and will operate the facility.

Together, the CP2 and Louisiana LNG projects represent over $45 billion in infrastructure investment and more than 36 MTPA of new export capacity. The surge in activity reflects strong international demand for U.S. LNG — driven by power generation needs, energy diversification, and increased interest in American gas as a stable long-term supply.