Japanese Offtakers Ask FERC for ‘Timely’ Authorization Decision for CP2 LNG

Some of Japan’s largest LNG players are voicing concern about the timeline of FERC’s authorization decision on Venture Global Inc.’s Calcasieu Pass 2 (CP2) LNG project as they try to balance the country’s long-term natural gas supply outlook.

The CEOs of Inpex Corp. and Jera. Co. Inc. have penned letters to the Federal Energy Regulatory Commission and Chairman Willie Phillips asking the agency to “make a timely decision” on the 24 million metric ton/year (mmty) capacity liquefied natural gas project planned for western Louisiana.

Jera, Japan’s largest power utility and one of the world’s largest LNG buyers, signed a sales and purchase agreement (SPA) earlier in the year for 1 mmty from CP2 for 20 years on a free-on-board basis. Inpex, another LNG heavyweight with...