SAN DIEGO, Dec. 23, 2019 /PRNewswire/ -- Sempra LNG, a
subsidiary of Sempra Energy (NYSE: SRE), today announced that
Cameron LNG has begun producing liquefied natural gas (LNG) from
the second liquefaction train of the export facility in Hackberry,
La.
"We are pleased to reach this important milestone in the
development of the liquefaction facility," said Lisa Glatch, chief operating officer of Sempra
LNG and board chair for Cameron LNG.
Train 2 and Train 3 are expected to commence commercial
operations under Cameron LNG's tolling agreements in the first and
third quarter of 2020, respectively. The facility's first
liquefaction train started commercial operations in August 2019.
Phase 1 of the Cameron LNG export project includes the first
three liquefaction trains that will enable the export of
approximately 12 million tonnes per annum (Mtpa) of LNG, or
approximately 1.7 billion cubic feet per day.
Cameron LNG is jointly owned by affiliates of Sempra LNG, Total,
Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company
jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki
Kaisha (NYK). Sempra Energy indirectly owns 50.2% of Cameron
LNG.
Sempra Energy is also developing other LNG export projects in
North America, including Cameron
LNG Phase 2, previously authorized by the Federal Energy Regulatory
Commission, which could include up to two additional liquefaction
trains and up to two additional LNG storage tanks; Port Arthur LNG
in Texas; and Energía Costa Azul (ECA) LNG Phase 1 and Phase 2 in
Mexico.
Development of any of these LNG export projects is contingent
upon obtaining binding customer commitments, completing the
required commercial agreements, securing all necessary permits,
obtaining financing, other factors, and reaching final investment
decisions. In addition, the ability to successfully complete
construction projects, such as the Cameron LNG export project, is
subject to a number of risks and uncertainties.
Sempra LNG develops and builds natural gas liquefaction
facilities and is pursuing the development of five strategically
located LNG projects in North America with a goal of
delivering 45 Mtpa of clean natural gas to the largest world
markets.
This press release contains statements that are not
historical fact and constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by words such as
"believes," "expects," "anticipates," "plans," "estimates,"
"projects," "forecasts," "contemplates," "assumes," "depends,"
"should," "could," "would," "will," "confident," "may," "can,"
"potential," "possible," "proposed," "target," "pursue," "outlook,"
"maintain," or similar expressions or when we discuss our
guidance, strategy, plans, goals, vision, mission, opportunities,
projections, initiatives, objectives or intentions. 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.
Factors, among others, that could cause our actual results
and future actions to differ materially from those described in any
forward-looking statements include risks and uncertainties relating
to: actions and the timing of actions, including decisions,
investigations, new regulations and issuances of permits and other
authorizations by the U.S. Department of Energy, Federal Energy
Regulatory Commission, U.S. Environmental Protection Agency and
Pipeline and Hazardous Materials Safety Administration, states,
cities and counties, and other regulatory and governmental bodies
in the U.S. and other countries in which we operate; the success of
business development efforts and construction projects, including
risks in (i) obtaining or maintaining authorizations; (ii)
completing construction projects on schedule and budget; (iii)
obtaining the consent of partners; (iv) counterparties' financial
ability or otherwise to fulfill contractual commitments; and
(v) the ability to realize anticipated benefits from any of
these efforts once completed; the availability of natural gas and
liquefied natural gas, and natural gas pipeline and storage
capacity; equipment failures; changes in energy markets; volatility
in commodity prices; moves to reduce or eliminate reliance on
natural gas; weather conditions, natural disasters, accidents,
equipment failures, computer system outages, explosions, terrorist
attacks and other events that disrupt our operations, damage our
facilities and systems, cause the release of harmful materials, and
subject us to third-party liability for property damage or personal
injuries, fines and penalties, some of which may not be covered by
insurance (including costs in excess of applicable policy limits)
or may be disputed by insurers; risks posed by actions of third
parties who control the operations of our investments;
cybersecurity threats to storage and pipeline infrastructure and
the information and systems used to operate our businesses; changes
in capital markets, energy markets and economic conditions,
including the availability of credit; and volatility in foreign
currency exchange, interest and inflation rates and commodity
prices and our ability to effectively hedge the risk of such
volatility; changes in foreign and domestic trade policies and
laws, including border tariffs and revisions to or the replacement
of international trade agreements, such as the North American Free
Trade Agreement, that may increase our costs or impair our ability
to resolve trade disputes, and changes that make our exports less
competitive or otherwise restrict our ability to export; the impact
of federal or state tax reform and our ability to mitigate adverse
impacts; and other uncertainties, some of which may be difficult to
predict and are beyond our control.
These risks and uncertainties are further discussed in the
reports that Sempra Energy has filed with the U.S. Securities and
Exchange Commission (SEC). These reports are available through the
EDGAR system free-of-charge on the SEC's website, www.sec.gov, and
on the company's website at www.sempra.com. Investors should not
rely unduly on any forward-looking statements. These
forward-looking statements speak only as of the date hereof, and
the company undertakes no obligation to update or revise these
forecasts or projections or other forward-looking statements,
whether as a result of new information, future events or
otherwise.
Sempra LNG and Port Arthur LNG, LLC are not the same as the
California Utilities, San Diego Gas & Electric Company
(SDG&E) or Southern California Gas Company (SoCalGas), or Oncor
Electric Delivery Company LLC (Oncor) and are not regulated by the
California Public Utilities Commission.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cameron-lng-liquefaction-export-facility-begins-production-at-train-2-300978760.html
SOURCE Sempra LNG