November 8, 2023 [Canary Media]- The Federal Energy Regulatory Commission is about to weigh in on CP2, a massive liquefied-natural-gas export terminal. Climate activists fear it will be business as usual.

Sometime in the next few weeks, a government agency that most Americans know little about could approve a new fossil-fuel project that would have lasting consequences for the climate. The Federal Energy Regulatory Commission is expected to give Venture Global the green light to build Calcasieu Pass 2, one of the largest liquefied-natural-gas export facilities ever proposed in the United States, on the Louisiana coast.

The Biden administration will have the final say on whether CP2 goes forward when the U.S. Department of Energy decides if it should grant the facility permission to export LNG to Europe, most of Asia, and dozens of other countries. But the DOE has never denied an export permit to an LNG facility that the Federal Energy Regulatory Commission (FERC) has approved.

If all planned phases of the project are completed, CP2 will be capable of processing and shipping roughly 4 billion cubic feet of natural gas every day. That’s equivalent to 4% of all the consumer-grade natural gas produced daily in the U.S. last year. Some estimates suggest that the emissions from fracking, liquefying, transporting and burning that gas will be as high as half a million metric tons of greenhouse gases per day — as much as an average gas-fired power plant emits in an entire year.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data