Sempra Energy Statement on Freeport LNG U.S. Department of Energy Permit Approval
SAN DIEGO, May 17, 2013 /PRNewswire/ -- The U.S. Department of Energy today approved a permit that allows for the export of liquefied natural gas (LNG) from the Freeport LNG project in Texas to key markets, including major trading partners in Europe and Asia that do not currently have free trade agreements with the United States. Sempra International, a subsidiary of Sempra Energy, has proposed a $6 billion to $7 billion expansion of its existing Cameron LNG project in Hackberry, La. Cameron LNG is scheduled to commence construction in the first half of 2014 and begin operations in late 2017. Cameron LNG is the only project pending before the Federal Energy Regulatory Commission with an approved schedule for a final environmental permit.
The following statement was issued by Mark A. Snell, president of Sempra Energy:
We applaud the Department of Energy's action and view it as an indication that other projects, including our own Cameron LNG, will receive this authorization soon. Just yesterday, we signed agreements with Mitsubishi, Mitsui and GDF Suez that fully subscribes the capacity of our proposed new liquefaction facility.
There is a narrow window of opportunity for U.S. companies to participate in the global LNG market. Moving forward with the approval of these permits in a timely manner is essential if our nation is going to realize the many economic and geopolitical benefits of these projects.
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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 International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
SOURCE Sempra Energy