“CP2 will be located in Cameron Parish, adjacent to our existing Calcasieu Pass terminal,” Sabel said. The CP Express pipeline will deliver natural gas to Venture Global’s CP2 facility in Cameron. Administrative offices, an on-site fire station and maintenance structures are also planned for the site. The site will be constructed in two phases, and will include 18 liquefaction blocks, four 200,000 cubic-meter full-containment LNG storage tanks, two marine loading berths, and two on-site combined cycle gas turbine power plants. As Louisiana pursues a goal of net-zero emissions by 2050, projects that feature carbon capture and sequestration allow our state to sustain industry without sacrificing our long-term carbon-reduction goals.” And it is incorporating clean energy technology that reduces the amount of CO2 released into the atmosphere, which is significant for our environment. “The CP2 facility in Cameron will create more than 1,000 new permanent jobs and thousands of construction jobs in the area, which will have a significant impact on our economy. “Venture Global has invested significantly in Louisiana’s economy, and I am proud to celebrate this exciting new project with them,” Gov. The complex will be located on 650 acres in Cameron, including 170 acres on Monkey Island, providing CP2 with direct access to the deep-water Calcasieu Ship Channel.
The CCS process will be used to capture and store underground an estimated 500,000 tons of CO2 emissions from the facility annually. Venture Global’s new facility, named CP2, will have a nameplate capacity of 20 million metric tonnes per annum (MTPA) of LNG. At the peak of construction, an average of 2,300 construction jobs will be created. Louisiana Economic Development estimates the project will result in 867 indirect jobs, or a total of 1,067 jobs in Southwest Louisiana.
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The project will result in at least 200 direct new jobs, with average annual salaries of $120,000, plus benefits. John Bel Edwards and Venture Global LNG CEO Mike Sabel announced the company will invest more than $10 billion in a new liquefied natural gas facility in Cameron Parish that will employ carbon capture and sequestration technology (CCS) to reduce carbon dioxide (CO2) emissions.
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