Venture Global (VG) Receives Final Approval to Export LNG from CP2 Plant

Core Insights - Venture Global, Inc. (NYSE:VG) has received final non-Free Trade Agreement (FTA) export authorization from the US Department of Energy for its CP2 facility in Louisiana, allowing it to supply liquefied natural gas (LNG) to non-FTA countries [1][2][3] Group 1: Company Developments - The approval enables Venture Global to export 28 million metric tons per annum (mtpa) of natural gas to countries without FTA agreements with the US, which includes many nations in Europe and Asia [4] - The company is currently constructing the CP2 project and aims to commence LNG supply from the facility in 2027 [3][4] Group 2: Market Impact - Management believes that this approval will significantly benefit the US balance of trade by increasing LNG exports [2]