FERC Approves Controversial CP2 LNG Export Terminal

The project faces further hurdles as the Department of Energy's pause on new LNG approvals remains in effect.

FERC's 2-1 vote allows Venture Global's $10 billion CP2 LNG terminal to advance, but final approval is pending.
Environmental groups label CP2 a 'carbon bomb,' citing significant climate and pollution concerns.
The Biden administration's pause on LNG approvals aims to reassess public interest criteria, delaying CP2's construction.
Venture Global has secured supply agreements with EU and Asian buyers, highlighting geopolitical energy dynamics.
Lobbying efforts intensify as both sides prepare for a protracted battle over the project's future.