Worley (ASX:WOR) said it has largely completed engineering for the first phase of Venture Global's CP2 LNG export terminal in Louisiana and has begun providing engineering services for the second phase, according to a Monday Australian bourse filing.

Venture Global initiated full mobilization and started site work for the first phase of the terminal earlier this month, and the contractors and Worley personnel have been mobilized to the site.

Worley expects to begin the major part of its in-scope construction activities, subject to completion of initial on-site civil works, planned for the end of fiscal 2026. Venture Global is targeting its first LNG exports in the third quarter of 2027.

Progress on the terminal was delayed due to approval from the Federal Energy Regulatory Commission. The approval was originally provided in June 2024 and was reinstated in May. Upon reaching the final investment decision, Worley will continue to complete the project under a full notice to proceed.