Random Update Of Sempra LNG Export Facility In Louisiana -- Seeking Alpha -- June 22, 2012

Updates

November 2, 2018: Cameon/SRE/Louisiana -- commissioning process begins.
September 11, 2014: final approval. Lawmakers want more.
 

Original Post

On June 15, 2014, I noted in passing, without providing a link that Texas LNG had been granted a license to export up to 2 million tons of LNG annually. I assume I posted the announcement that Sempra Energy was also granted an export license this past week to export LNG, but I can't find it. Never mind. Seeking Alpha is reporting:

• On Thursday, Sempra's facility in Louisiana was approved to export LNG to other countries.
• Because Sempra is only the second company in the United States to be approved, this presents a great opportunity for the company.
• If sold at current prices, the LNG from the approved facility could bring in between $3 billion and $5 billion in revenue per year.

One of Sempra Energy's facilities was recently approved to start exporting liquefied natural gas (LNG). Because of the drastic difference in price between American natural gas and LNG import prices in European and Asian countries, Sempra could see large amounts of revenue from the facility.

There is a great photograph of the facility at the linked site above:

Sempra's approved facility (known as Cameron LNG) is located along the Calcasieu Channel in Hackberry, Louisiana. Because it lies only 18 miles from the Gulf of Mexico, it is in good position to quickly liquefy natural gas and move it to whoever needs it across the globe.

In terms of supply, Cameron LNG is within 35 miles of a pipeline hub that connects 5 natural gas pipelines which should be able to provide the facility with all the natural gas it needs.

And then this:

Sempra is only the second company approved to export LNG. Cheniere Energy was the first company to have a facility approved by both government agencies. Cheniere's Sabine Pass facility was approved back in April 2012. Construction on the facility began in late 2012 and the project is expected to be completed by late 2015.

Once the expansion of Sempra's facility is complete, Cameron LNG will be comprised of three liquefaction trains capable of exporting up to 12 million tons of LNG per year. Below is a graphic of the proposed facility.

Much more at the link, including some great graphics. SeekingAlpha is archiving more and more of their articles for paid subscription. 

Memo to self: page saved.