Worley Wins Full EPC Go-Ahead for Venture Global’s CP2 LNG Phase 2

Worley Limited ( (AU:WOR) ) has shared an update.

Worley has secured a Full Notice to Proceed from Venture Global for Phase 2 of the CP2 liquefied natural gas export project in Cameron Parish, Louisiana, under its reimbursable engineering, procurement and construction contract. The decision follows Venture Global’s final investment approval and extends Worley’s role from early planning to full EPC execution, building on its ongoing work on Phase 1, which entered on-site construction in June 2025.

Management describes CP2 as one of the most significant and strategically important LNG projects globally, positioning Worley to leverage its established LNG expertise and leadership in this priority market. The expanded mandate is expected to deepen Worley’s presence in large-scale U.S. LNG infrastructure and demonstrates its capacity to scale complex project delivery for customers in a key growth segment.

The most recent analyst rating on (AU:WOR) stock is a Buy with a A$11.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.

More about Worley Limited

Worley Limited is an Australia-headquartered, ASX-listed professional services company serving the energy, chemicals and resources sectors. The group partners with customers across the lifecycle of their assets, combining expertise in traditional resources with a focus on enabling more sustainable energy systems while maintaining current energy and materials supply.

Average Trading Volume: 2,560,128

Technical Sentiment Signal: Sell

Current Market Cap: A$5.09B

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