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The U.S. Dept. of Energy conditionally approved energy developer Venture Global’s proposal to export liquefied natural gas from its planned Calcasieu Pass 2 terminal in Cameron Parish, La., marking the agency's fifth LNG site approval since President Donald Trump ended the Biden administration pause of export permits.
The planned facility, known as CP2, would have capacity to export 3.96 billion cu ft per day of LNG once its construction is completed.
Great growth news for VG. Price is down 60% from IPO.