Trump will approve the export of LNG for the Venture Global CP2 project, reversing Biden's obstruction.

On March 19, Jin Shi Data reported that the Trump administration is prepared to conditionally approve Venture Global LNG Inc. to export natural gas from a yet-to-be-constructed facility in Louisiana, a matter that has stalled during former President Biden's term. A knowledgeable source revealed that the U.S. Department of Energy is expected to approve the company's CP2 project for large-scale exports as early as Wednesday. Once completed, this project located in Cameron Parish will be able to export up to 3.96 billion cubic feet of liquefied natural gas per day. The joint venture is massive, potentially producing 20 million tons of liquefied natural gas annually, with construction costs estimated at $28 billion. Venture Global has not made a final investment decision on the project, which is expected to become one of the largest liquefied natural gas plants of its kind. Biden suspended the issuance of new liquefied natural gas export licenses in January 2024, delaying permits for CP2 and other projects. Trump rescinded Biden's ban on his first day in office.