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3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp
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Docket 26-78-LNG

Venture Global wants to export another 620.5 Bcf of gas a year from a Louisiana terminal that is still being built

Money & World
The Editorial Team ·
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Photo: Engin Akyurt / Pexels

The terminal is not finished.

Venture Global CP2 LNG applied to the Energy Department on 7 July for a long-term licence to export the equivalent of 620.5 billion cubic feet of natural gas a year, roughly 11.7 million tonnes of liquefied gas, from an expansion of a facility that the department's own notice describes as currently under construction in Cameron Parish, Louisiana. The notice of that application was filed for publication on Friday morning.

The expansion is substantial in its own right. Six more refrigerant liquefaction blocks. A new gas-fired combined cycle power plant to run them. A third marine berth, inside a berthing area that has already been approved. The company says the whole thing would run with the existing terminal as one integrated export facility.

What is already in front of regulators

Three things are stacked here, and the notice sets them out in a footnote rather than in the body.

CP2 already holds an export authorisation for the terminal, in Docket No. 21-131-LNG. It has a second application pending in that same docket, for extra volumes arising from an uprate to the terminal's authorised peak output. This new filing is a third, for the expansion project, and it went to the Federal Energy Regulatory Commission on 26 May as Docket No. CP26-530-000 before reaching the Energy Department.

The term requested is 20 years from the start of commercial exports, with three further years to make up any shortfall. The department notes that the make-up period is consistent with its recent practice.

The window

Protests, comments and motions to intervene are due 60 days after Monday's publication, at 4:30 p.m. Eastern, under Docket No. 26-78-LNG. Filings have to be in English, which the notice sources to an executive order signed in March 2025.

Only this application's non-FTA half is on the clock. Exports to countries with a qualifying free trade agreement are reviewed separately under a different section of the Natural Gas Act. No decision can issue until the environmental review is done.

The document: Hydrocarbons and Geothermal Energy Office, Department of Energy, Venture Global CP2 LNG, LLC; Application for Long-Term Authorization to Export Liquefied Natural Gas to Non-Free Trade Agreement Nations, notice of application, Docket No. 26-78-LNG, FR document 2026-15642, filed for public inspection on 31 July 2026 at 8:45 a.m. Eastern with a stated publication date of 3 August 2026. The complete public inspection text was downloaded and read here; no fetch-tool summary was relied on and every figure, docket number and characterisation below was matched against the document. The notice states that the application was filed by Venture Global CP2 LNG, LLC on 7 July 2026; that the company requests long-term, multi-contract authorisation to export domestically produced LNG 'in a volume equivalent to approximately 620.5 billion cubic feet (Bcf) of natural gas per year (Bcf/yr)' from the proposed CP2 LNG Expansion Project; that the export terminal and associated facilities with which the project would interconnect are 'currently under construction in Cameron Parish, Louisiana'; that the terminal sits on the east side of the Calcasieu Ship Channel and nearby Monkey Island; that the proposed project would expand the terminal 'by adding six refrigerant liquefaction blocks, a new natural gas-fired combined cycle power plant, a third marine berth within the already-approved berthing area, and other associated infrastructure'; that the project would be operated together with the terminal 'as a single LNG export facility on a fully integrated basis'; that it would increase the maximum peak liquefaction and export capacity of the terminal 'by 11.7 million metric tons per annum (mtpa) of LNG, or by the equivalent of 620.5 Bcf/yr of natural gas'; that the requested authorisation covers export by vessel on a non-additive basis to both free trade agreement countries and any other country with which trade is not prohibited by U.S. law or policy; that this notice applies only to the non-FTA portion under section 3(a) of the Natural Gas Act, with the FTA request to be reviewed separately under section 3(c); that the company seeks the authorisation on its own behalf and as agent for other entities that will hold title to the LNG at export; and that it requests a term of 20 years after commercial exports begin 'plus a three-year make-up period at the end of that term, consistent with recent DOE practice'. Footnote 1 states that CP2 LNG is already authorised to export from the terminal in Docket No. 21-131-LNG, that it has a separate pending application in that same docket to export additional volumes to non-FTA countries as a result of an uprate in the authorised peak output of the terminal, and that on 26 May 2026 CP2 LNG and its affiliate Venture Global CP Express, LLC filed a new application for the expansion project with the Federal Energy Regulatory Commission in FERC Docket No. CP26-530-000. The notice states that protests, motions to intervene, notices of intervention and written comments are due by 4:30 p.m. Eastern 60 days after publication; that filings must reference Docket No. 26-78-LNG or 'CP2 LNG Expansion Project Application'; that filings must be submitted in English, citing Executive Order 14224 of 1 March 2025 at 90 FR 11363; that no final decision will issue until DOE has met its obligations under the National Environmental Policy Act; and that a final order may issue on the official record under 10 CFR 590.316 if no party requests additional procedures. The notice is signed in Washington on 29 July 2026 by Amy Sweeney, Director, Office of Global Energy Security, Office of Strategic Resources..

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