Thursday, September 11, 2014

FERC Approves Cameron LNG

Yesterday, Cameron LNG, LLC received approval from the Federal Energy Regulatory Commission to build and operate facilities necessary to liquefy and export natural gas from its existing import terminal near Hackberry, LA.  FERC also approved the application to build pipeline and compression facilities to source the gas for export.  Until yesterday, only Cheniere's Sabine Pass facility has received this approval, which should be the last regulatory hurdle to constructing the facility.

The Cameron facility is expected to cost between $9 and $10 billion and be placed in service in 2017.  Plans call for three liquefaction trains, and the facility should be able to export a maximum of 2.33 Bcf/day when fully implemented.  Cameron LNG is majority owned by Sempra Energy Corp. in partnership with GDF Suez SA, Mitsubishi Corp. (through a related company jointly established with Nippon Yusen Kabushiki Kaisha) and Mitsui & Co. Ltd.

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