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Federal rule change speeds up two La. LNG projects approval
Posted on 8/17/14 at 9:46 am
Posted on 8/17/14 at 9:46 am
The British Diamond arrives at Cameron LNG near Lake Charles with a shipment of 136,500 cubic meters of liquefied natural gas from Trinidad in June 2009. Federal regulators approved the facility for broad LNG exports on Tuesday, Feb. 11, 2014.
quote:
Louisiana LNG projects get advantage under federal rule change, newspaper reports
By Jennifer Larino, NOLA.com | The Times-Picayune
The U.S. Department of Energy on Thursday (Aug. 14) shifted the way it evaluates proposals to export liquefied natural gas, a change that could give an advantage to at least two Louisiana projects, the San Antonio Express News reports.
The department will start vetting LNG projects that have already completed an expensive environmental review, instead of on a first-come, first-served basis as before the rule change, according to the newspaper.
The report says the change will bring applications for two Louisiana projects to the front of the line: Houston-based Cheniere Energy's plans to add capacity to its Sabine Pass terminal in Cameron Parish and Sempra Energy's Cameron LNG project in Hackberry.
The Cheniere expansion is being constructed at a cost of $2.9 billion. The Sempra Energy project is worth $10 billion.
NOLA.com
4
Posted on 8/17/14 at 9:49 am to TigersOfGeauxld
Does this mean they'll drill more gas in LA?
Posted on 8/17/14 at 10:27 am to Patrick_Bateman
quote:
The Sempra Energy project is worth $10
That number is a little inflated. More like 6-7 billion.
Posted on 8/17/14 at 10:30 am to Buga_Scores
quote:
Does this mean they'll drill more gas in LA?
Cameron LNG will be pulling gas directly off the pipeline.
Posted on 8/17/14 at 10:33 am to TigersOfGeauxld
Thanks, Obama
Posted on 8/17/14 at 10:50 am to TigersOfGeauxld
I'll be interested to see how possible upcoming fracking regulations affect these downstream facilities.
Posted on 8/17/14 at 11:40 am to Buga_Scores
quote:
That number is a little inflated. More like 6-7 billion.
Sound like you're more in the know than I am. I'm just basing my figures off this other thread I made...
quote:
Sempra Energy secures loans for Cameron Parish project
Sempra Energy and its partners are expected to pull the trigger next week on building a proposed $10 billion liquefied natural gas export facility in Cameron Parish, according to the Wall Street Journal.
Cameron LNG has secured $7.5 billion in loans for the project, which will ship natural gas to Japan. The facility will be able to ship 13.1 million tons of LNG per year, and Japanese firms have already agreed to buy 8.8 million tons of production. LNG has become an important fuel source for Japan since the 2011 Fukushima Daiichi nuclear-power disaster.
The Sempra plant in Cameron Parish is expected to create 3,000 construction jobs and 140 full-time jobs and bring $10 billion in development to the economy of Southwest Louisiana.
ADVOCATE
ADVOCATE
KPLC
Cameron Parish to receive $10 billion LNG export facility
Posted on 8/17/14 at 12:12 pm to TigersOfGeauxld
Do you work for LED?
Posted on 8/17/14 at 12:20 pm to Smalls
Cameron
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