•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    FERC approves Cameron LNG liquefaction-export project

    Sempra Energy

    Sempra Energy (NYSE: SRE) reports that its subsidiary Cameron LNG has received authorization from the Federal Energy Regulatory Commission (FERC) to site, construct, and operate a natural gas liquefaction and export facility at the site of the company's LNG receipt terminal in Hackberry, Louisiana.  

    The FERC permit is one of the last major regulatory approvals required to start construction on the $9 billion to $10 billion natural gas liquefaction facility.

    "This is a landmark project that will bring economic prosperity and create thousands of jobs in Louisiana," said Debra L. Reed, chairman and CEO of Sempra Energy. "Today's approval is another important step in delivering natural gas to America's trading partners abroad."

    The authorization approves the development of the three-train liquefaction facility that will provide an export capability of 12 million tonnes per annum of LNG, or approximately 1.7 billion cubic feet per day (Bcfd). FERC also authorized a subsidiary of Sempra Energy to construct a 21-mile, 42-inch natural gas pipeline expansion of the Cameron Interstate Pipeline, a new compressor station, and ancillary equipment that will provide natural gas transportation for the liquefaction facilities.  

    Earlier this year, Cameron LNG was awarded conditional approval from the US Department of Energy (DOE) to export LNG to non-free-trade-agreement (non-FTA) countries, including Japan and European nations.

    "We are pleased to have reached this important milestone successfully and to be one step closer to starting construction later this year," said Octavio M.C. Simoes, president of Sempra LNG. "The broad support and positive feedback from the community has been an integral part of our success in the developing and permitting of the project."

    Subject to a final investment decision to proceed by each party, finalization of permits, project financing, and other customary conditions, Sempra Energy will have an indirect 50.2% ownership interest in Cameron LNG and the related liquefaction project. The remaining portion will be owned by affiliates of GDF SUEZ SA (GDF SUEZ), Mitsubishi Corp. [through a related company jointly established with Nippon Yusen Kabushiki Kaisha (NYK)] and Mitsui & Co. Ltd. (Mitsui), each with 16.6% stakes.

    "The liquefaction project is an international collaboration with our partners from Japan and France to create a world-class facility to deliver reliable LNG supplies for more than 20 years to some of the largest LNG buyers in the world," said E. Scott Chrisman, vice president of commercial development for Sempra LNG and project leader for the Cameron LNG liquefaction project.

     

     

     

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    Venture Global LNG hires Wicker as CEO

    11/11/2014 Venture Global LNG Inc. has hired William M. Wicker to lead the company as CEO. Wicker previously served as Morgan Stanley's vice chairman of investment banking in the Natural Resources Group.

    Excelerate appointed midstream partner for FLNG project

    11/06/2014

    Excelerate Energy LP has executed an agreement with the government of Equatorial Guinea and Ophir Energy plc for the provision of a floating liquefaction storage and offloading (FLSO) vessel.

    Freeport LNG arranges debt financing of first NG liquefaction train

    10/30/2014 Freeport LNG Expansion LP reports that its subsidiary, FLNG Liquefaction LLC, has entered into definitive agreements for the debt financing of $3.85 billion of capital required for the development ...

    DNV GL forms LNG Solutions Group in Americas

    10/14/2014 To meet the growing demand for a wide variety of LNG-related services, DNV GL has established the Houston-based “LNG Solutions Group – Americas,” which will offer services in all business, risk, an...

    DNV GL launches consulting unit in Singapore

    10/14/2014 DNV GL said Oct. 14 that energy demand in Southeast Asia is expected to grow at twice the rate of the rest of the world. The firm has appointed Arve Johan Kalleklev as regional manager for Oil &...

    More Oil & Gas Financial Articles

    Venture Global LNG hires Wicker as CEO

    Tue, Nov 11, 2014

    Venture Global LNG Inc. has hired William M. Wicker to lead the company as CEO. Wicker previously served as Morgan Stanley's vice chairman of investment banking in the Natural Resources Group.

    Excelerate appointed midstream partner for FLNG project

    Thu, Nov 6, 2014

    Excelerate Energy LP has executed an agreement with the government of Equatorial Guinea and Ophir Energy plc for the provision of a floating liquefaction storage and offloading (FLSO) vessel.

    Freeport LNG arranges debt financing of first NG liquefaction train

    Thu, Oct 30, 2014

    Freeport LNG Expansion LP reports that its subsidiary, FLNG Liquefaction LLC, has entered into definitive agreements for the debt financing of $3.85 billion of capital required for the development of Freeport LNG's first train facility (Train One) at its proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.

    DNV GL forms LNG Solutions Group in Americas

    Tue, Oct 14, 2014

    To meet the growing demand for a wide variety of LNG-related services, DNV GL has established the Houston-based “LNG Solutions Group – Americas,” which will offer services in all business, risk, and regulatory matters specific to the North American market.

    DNV GL launches consulting unit in Singapore

    Tue, Oct 14, 2014

    DNV GL said Oct. 14 that energy demand in Southeast Asia is expected to grow at twice the rate of the rest of the world. The firm has appointed Arve Johan Kalleklev as regional manager for Oil & Gas in Southeast Asia just as the company is establishing a dedicated LNG and Gas Consulting unit in Singapore.  

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ