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How does the Sempra ground breaking effect the LNGLF project?

Posted on 10/23/14 at 3:27 pm
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5825 posts
Posted on 10/23/14 at 3:27 pm
[quote]LINK ]

OR is the LNGLF project close to this point in the permitting/financing/ground breaking steps?

This post was edited on 10/23/14 at 3:30 pm
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 10/23/14 at 3:39 pm to
if you have to ask this question then you probably shouldn't play in Oil and Gas market.
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 10/23/14 at 5:05 pm to
Sempra's Cameron deal has been next in line for a while, but consider this slide from their (LNG Limited's) investor presentation. LNG Llimited is up against stiff competition on every front. Consensus is somewhere between 6 and 10 of these actually get built.



This should probably be merged in the big LNG thread.

This post was edited on 10/23/14 at 5:06 pm
Posted by L S Usetheforce
Member since Jun 2004
22741 posts
Posted on 10/23/14 at 5:11 pm to
The OP's question isn't about competition...........

LNGLF will still get built and is very close to finalizing all its FERC request....

Posted by MNCscripper
St. George
Member since Jan 2004
11707 posts
Posted on 10/23/14 at 7:27 pm to
quote:

LNGLF will still get built and is very close to finalizing all its FERC request....


Doesn't mean it will get approved and approvals take 2+ years
Posted by Buga_Scores
L.C
Member since Jul 2014
1833 posts
Posted on 10/23/14 at 9:47 pm to
That article has so much fail in it. A) Sempra has nothing to do with Cameron LNG anymore. B) Bobby Jindal was a no show at the ground breaking.
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 10/24/14 at 8:54 am to
quote:

Sempra has nothing to do with Cameron LNG anymore


Pretty sure Sempra is majority owner
Posted by Buga_Scores
L.C
Member since Jul 2014
1833 posts
Posted on 10/24/14 at 10:18 am to
Cameron LNG makes up 51% while Mitsui, GDF Suez & Mitsubishi make up the other 49%.
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 10/24/14 at 1:23 pm to
Cameron LNG is the JV company. Sempra owns ~51% of Cameron LNG. Mitsui, Mitsubish and GDF each own 16.6% of Cameron LNG.

LINK

quote:

Subject to a final investment decision to proceed by each party, finalization of permits, project financing and other customary conditions, Sempra Energy will have an indirect 50.2-percent ownership interest in Cameron LNG and the related liquefaction project, the remaining portion will be owned by affiliates of GDF SUEZ S.A. (GDF SUEZ), Mitsubishi Corporation [through a related company jointly established with Nippon Yusen Kabushiki Kaisha (NYK)] and Mitsui & Co., Ltd. (Mitsui), each with 16.6-percent stakes.
This post was edited on 10/24/14 at 1:23 pm
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