Venture Global announced a final investment decision (FID) on Phase 2 of its Calcasieu Pass 2 (CP2) facility on March 13. The company took FID for Phase 1 of CP2 in July 2025 (which is different from the original, already operational Calcasieu Pass facility) and had already purchased the modules needed for both Phase 1 and Phase 2. Phase 2’s FID was widely expected but marks the first FID of 2026. CP2 LNG has a nameplate capacity of around 20 MMtpa, the same as Plaquemines, with a peak capacity of 29 MMtpa. Plaquemines has recently been taking more than 4 Bcf/d in feedgas, and CP2 could reach similar heights when fully operational. See the graph of Plaquemines feedgas below.
Featured Articles
- Blog
Greenlight – How LNG Projects Really Get to FID and What it Takes to Be Part of the Gulf Coast Wave
The U.S. LNG industry has experienced monumental growth and there’s a hefty slate of additional projects somewhere along the path to a final investment decision, each with its own hurdles and timelines. Getting across that FID finish line can be quite arduous.
- Blog
What’s Left – Delfin Floating LNG Joins the Growing List of Gulf Coast Projects Reaching FID
Three new U.S. LNG projects have reached a positive final investment decision this year: Venture Global’s CP2 Phase 2, Caturus’s Commonwealth LNG, and now, most recently, Delfin Midstream’s Delfin LNG, which will be the U.S.’s first floating LNG project.
- Blog
What's Left – Commonwealth, Delfin LNG Add to Wave of U.S. Projects; Are Still More on the Way?
The U.S. is at the tail end of an incredible wave of LNG expansion that has so far seen nine new projects across seven terminals reach a final investment decision in a little over a year. Today, we take a closer look at the Commonwealth LNG project and what comes next for U.S. LNG development.
