Backed by a massive US$8.6bn financial close, the second phase of Venture Global’s Calcasieu Pass 2 (CP2) LNG export terminal in Louisiana has reached its final investment decision (FID). This milestone brings the total financial backing for the entire CP2 mega-project to a staggering US$20.7bn, representing one of the largest standalone project financings in the US bank market.
With phase one construction already underway, Worley is continuing its role as the primary engineering, procurement and construction (EPC) contractor across both instalments. As phase two moves into full-scale execution to support a peak production capacity of 29mtpa by 2027, the US Gulf Coast supply chain is looking at an immediate, massive wave of demand for heavy machinery, cryogenic equipment, and modular fabrication.
Track more details about the project on EICDataStream.