The energy department is set to authorise widespread exports from the company’s CP2 project as soon as Wednesday, the report said today, citing a person familiar with the matter.

However, CP2 remains subject to final approval from federal regulators.

The US Energy Department, the White House, and Venture Global did not immediately respond to Reuters’ request for comments.

Earlier in December, the Federal Regulatory Energy Commission (FERC) pulled Venture Global LNG’s authorisation to construct its CP2 export facility, requiring an additional environmental review of air quality impact.

CP2 has been at the centre of a fight with environmentalists seeking to limit future LNG projects on the US Gulf Coast.

The 20 million metric tonnes per annum facility won FERC construction approval in June.

Venture Global’s stock price has dropped 33% from last month.