Worley said on Wendesday that this follows Venture Global reaching a final investment decision (FID) on the CP2 LNG project on July 28.
In December 2023, Worley secured the engineering, procurement, and construction (EPC) contract for the first phase of Venture Global’s CP2 LNG terminal.
The company has been providing services under a limited notice to proceed linked to the EPC contract, and more recently its team was mobilised to the CP2 LNG site.
Worley said the work is being led by its Houston and Reading offices and supported by Worley’s GID team.
It did not provide further information.
$15.1 billion
Besides taking FID on the CP2 LNG project, Venture Global also closed the $15.1 billion project financing, claiming that it represents the largest standalone project financing ever, and the second-largest project financing after the combined financings of Venture Global’s Plaquemines LNG.
Ventrue Global said on Monday that the transaction garnered “enormous” interest from the world’s leading banks, resulting in over $34 billion of commitments, and required no outside equity investment.
CP2 will have a peak production capacity of 28 mtpa, including both phases.
Moreover, phase 1 has contracted long-term SPAs with customers in Europe, Asia, and the rest of the world.
Venture Global now has a total contracted capacity of 43.5 mtpa across all three of its projects in Louisiana.
In March, Venture Global announced it had launched the formal FID process for CP2 LNG.
After that, it initiated full mobilization and started site work at the company’s third LNG export facility.
The launch of the site work came shortly after CP2 received final approval and notices to proceed from the US FERC, and weeks after receiving its non-FTA export authorization from the US DOE.
The CP2 LNG plant site is situated adjacent to Venture Global’s existing Calcasieu Pass liquefaction plant in Louisiana, which commenced commercial operations in April.
