• Worley has been awarded a reimbursable EPC contract for Venture Global's CP2 Expansion LNG export project, according to Offshore Technology.
• Energy-pedia reports Venture Global is targeting a final investment decision in early 2027; the contract does not itself commit the project to construction.
• Worley already provides EPC services on CP2 Phase 1 and Phase 2 and had supported the Expansion's early engineering under a Master Services Agreement.
• No contract value or capacity figure for the Expansion appears in the reports reviewed; treat any such figure as unconfirmed.
• Venture Global's FY2024 10-K says it expects to manage some scopes directly as EPCM, so Worley's scope may not cover the whole project.

Worley has been awarded a reimbursable engineering, procurement and construction contract by Venture Global for the CP2 Expansion, an LNG export project in the United States, according to Offshore Technology. Energy-pedia, in an item dated 4 November 2026, adds that Venture Global is targeting a final investment decision in early 2027. The award is a milestone for the project, not a commitment to build it. Contract value was not disclosed in the reports reviewed.

What the contract covers

The reporting confirms a reimbursable EPC award for the CP2 Expansion but gives no value, capacity or schedule. Energy-pedia reports that Worley had been supplying early-stage engineering support on the expansion under a Master Services Agreement, and that it already provides EPC services on Phase 1 and Phase 2 of CP2. The award therefore extends an existing relationship rather than introducing a new contractor to the site.

Why reimbursable matters

A reimbursable contract pays the contractor for its costs of the work, which leaves more cost risk with the owner than a lump-sum deal. Venture Global's FY2024 10-K describes the CP2 Phase 1 EPC contract as comparable in scope and terms to its Plaquemines EPC contracts, with a target price adjustable for change orders. Whether the Expansion contract follows the same template has not been confirmed in the sources reviewed.

The decision still ahead

An EPC award is not a final investment decision. Energy-pedia reports Venture Global is targeting that decision in early 2027, and the sources reviewed give no confirmation of financing or offtake for the expansion. The contract positions the project to move quickly if the decision is taken, but until then the capacity it would add remains prospective.

What to watch next

Three disclosures would size the story: the contract value, the capacity the expansion would add, and how much work Venture Global keeps for itself. Its 10-K says it expects to manage some additional scopes directly as EPCM, so Worley's share may be partial. For the Gulf, US supply growth of this kind is competitive context for Qatari and other Gulf LNG; this is analysis, not trading advice.