Cameron LNG Reaches Another Milestone With Federal Permit Application To
Construct Liquefaction Project
SAN DIEGO, Dec. 10, 2012
SAN DIEGO, Dec. 10, 2012 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today
announced it has reached another important milestone to add natural gas
liquefaction and export facilities to its existing Cameron LNG terminal in
Hackberry, La., filing its permit application with the Federal Energy
Regulatory Commission (FERC) requesting approval to begin construction of the
project. The project has been progressing successfully through the FERC
pre-filing process, which was initiated in April.
"The Cameron liquefaction project represents a significant investment in new
energy infrastructure in Louisiana that will stimulate local, regional and
national economic activity, creating new jobs and supporting small
businesses," said Mark A. Snell, president of Sempra Energy. "Our filing
keeps us on schedule to receive FERC approval and begin construction in the
fourth quarter 2013."
The net benefits of the project outlined in the FERC application include
creating nearly 3,000 direct jobs in the peak construction year and
approximately 130 full-time jobs when fully operational. The federal agency
will review the application and conduct an environmental study of the project
prior to acting on the permit.
Additional permits and approvals will be required before construction on the
Cameron liquefaction project can be completed and the project becomes
"The public scoping meetings held during the summer demonstrated strong
community support for the proposed project," said Octavio M. C. Simoes,
president of Sempra Energy's LNG operations. "Our project stimulates the
economy, creates local wetlands, promotes stability in domestic natural gas
pricing and increases global economic trade."
A report by the U.S. Department of Energy (DOE) released last week
demonstrates that increased liquefied natural gas (LNG) exports will result in
net economic benefits to the U.S. economy. The third-party study, prepared by
NERA Economic Consulting, is expected to help the DOE weigh some 15 proposals
for LNG export, including Sempra Energy's. The U.S. has more than a 100-year
supply of natural gas.
Cameron LNG already has received approval from the DOE to export LNG to
countries with which the U.S. has qualifying free-trade agreements. The
company's application to export to non free-trade agreement countries, filed
in December 2011, is expected to be among the first to be considered early
The liquefaction facility will utilize Cameron LNG's existing facilities,
including two marine berths capable of accommodating Q-Flex-sized LNG ships,
three LNG storage tanks of 480,000 cubic meters, and vaporization capability
for regasification services of 1.5 billion cubic feet (Bcf) per day. The new
liquefaction facility will be comprised of three liquefaction trains with a
total export capability of 12 million tonnes per annum of LNG, or
approximately 1.7 Bcf per day. The facility is expected to begin delivering
LNG to international markets in 2017.
Earlier this year, Cameron LNG signed commercial development agreements with
Mitsubishi Corporation, Mitsui & Co. Ltd and a subsidiary of GDF SUEZ S.A.
These commercial development agreements bind the parties to fund all
development expenses, including design, permitting and engineering for the
full capacity of the new facility.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding
company with 2011 revenues of $10 billion.The Sempra Energy companies' 17,500
employees serve more than 31 million consumers worldwide.
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Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not the same
companies as San Diego Gas & Electric (SDG&E) or Southern California Gas
Company (SoCalGas) and Sempra International, LLC and Sempra U.S. Gas & Power,
LLC are not regulated by the California Public Utilities Commission.Sempra
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SOURCE Sempra Energy
Contact: JC Thomas/Art Larson, Sempra Energy, +1-877-340-8875; Victor
Vilaplana, Sempra Energy, +1-877-736-7727, firstname.lastname@example.org
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