Green light for Cameron

Sempra Energy has secured final US approval to build its Cameron LNG export terminal, the second such facility to win approval.

The Federal Energy Regulatory Commission (FERC) voted unanimously to let the $10bn Louisiana facility move forward.

“This is a landmark project that will bring economic prosperity and create thousands of jobs in Louisiana,” Sempra chief executive Debra Reed said in a statement.

“Today’s approval is another important step in delivering natural gas to America’s trading partners abroad.”

The FERC permit is one of the last major regulatory approvals required to start construction on the LNG facility.

The authorization approves the development of the three-train liquefaction facility that will provide an export capability of 12mtpa, or about 1.7bncfd. 

FERC also authorized Sempra Energy to build a 21-mile, 42-inch natural gas pipeline expansion of the Cameron Interstate Pipeline, 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 countries, including Japan and European nations.

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 GDF Suez, Mitsui & Co and a joint venture between Mitsubishi Corp and NYK, with 16.6% stakes each.

US politicians are said to have pushed to expedite approval of the export terminals to send the fuel to Europe and reduce Russia's energy dominance after it annexed Ukraine’s Crimea region.