Cameron LNG Applies For Federal Approval Of Liquefaction Facilities Expansion

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Feb 24, 2015, 04:51 ET

HOUSTON, Feb. 24, 2015 /PRNewswire/ -- Cameron LNG today initiated the pre-filing review with the Federal Energy Regulatory Commission (FERC) for the planned expansion of the company's existing three-train liquefaction export project in Hackberry, La.

The expansion project is expected to include two additional liquefaction trains (trains No. 4 and No. 5) and one additional full containment LNG storage tank (tank No. 5) capable of increasing LNG production capacity by 9.97 million metric tons per annum (Mtpa) or 1.41 billion cubic feet per day (Bcfd). If approved, Cameron LNG's export capacity will be 24.92 Mtpa, or 3.53 Bcfd.

"The expansion project will allow Cameron LNG to export additional LNG from low-cost, reliable U.S. LNG supplies to international markets," said Farhad Ahrabi, CEO of Cameron LNG. "Locally, our economy will continue to reap the benefits in the form of new full-time jobs that will be created in support of the terminal operations."

On Monday, Cameron LNG filed a permit application with the U. S. Department of Energy (DOE) for authorization to export the LNG produced from the proposed expansion project to all current and future Free Trade Agreement (FTA) countries. In the coming months, Cameron LNG also expects to submit to the DOE an application for authorization to export LNG produced from the expansion project to all current and future non-FTA countries.

The expansion project will be located on land within the existing Cameron LNG terminal site, is expected to utilize a similar liquefaction train design and will include a full containment LNG tank consistent with the existing tanks.

Cameron LNG Holdings, LLC is a joint venture owned by affiliates of Sempra Energy, GDF SUEZ S.A., Mitsui & Co., Ltd. and Japan LNG Investment, LLC, a joint venture formed by affiliates of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha, and comprises the Cameron LNG liquefied natural gas (LNG) receipt terminal in Hackberry, La., and the construction and operation of the liquefaction export facilities.

This press release contains statements that are not historical fact and constitute forward-looking statements. These statements can be identified by words like "expects", "will", "may", "plans", "intends" or similar expressions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements. Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future and other risks, including, among others: local, regional, national and international economic, competitive, political, legislative and regulatory conditions and developments; actions and the timing of actions, including issuances of permits to construct and licenses for operation, by the U.S. Department of Energy, Federal Energy Regulatory Commission and other regulatory, governmental and environmental bodies in the United States; the timing and success of business development efforts and construction, maintenance and capital projects, including risks in obtaining, maintaining or extending permits, licenses, certificates and other authorizations on a timely basis and risks, in obtaining adequate and competitive financing for such projects; energy markets, including the timing and extent of changes and volatility in commodity prices, and the impact of any protracted reduction in oil prices from historical averages; capital markets conditions, including the availability of credit, interest and currency exchange rates; weather conditions, natural disasters, catastrophic accidents, and other events that may damage our facilities and systems; business, regulatory, environmental and legal decisions and requirements; and other uncertainties, all of which are difficult to predict and many of which are beyond our control.

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SOURCE Cameron LNG