It also has its non-FTA export permit, allowing it to export to a broad range of markets. "An essential permit ahead of our FID for phase one of the project, which is anticipated for the middle of this year," Sabel told the earnings call. Commonwealth LNG, Port Arthur LNG and Next Decade announced several long-term supply deals in 2025, building commercial momentum toward final investment decisions they promise will come this year. TRADE HEADWINDS Venture Global's Sabel said increased steel, aluminum and other tariffs could raise the cost for CP2 by about 1%. Sempra aims to make a final investment decision (FID) this year on phase 2 of its Port Arthur facility but will exercise patience to lock in favorable long-term economics, said Jeffrey Martin, Sempra's CEO. "Uncertainty in the macroeconomic environment may affect the timing of product development," he said.