Port Arthur LNG Files Federal Application To Construct Natural Gas Liquefaction And Export Facilities In Texas
SAN DIEGO, Nov. 29, 2016 –Sempra Energy (NYSE: SRE) today announced its liquefied natural gas (LNG) subsidiaries have filed applications with the Federal Energy Regulatory Commission (FERC) seeking authorization to site, construct and operate the proposed Port Arthur LNG natural gas liquefaction facility along the Sabine-Neches Waterway in Southeast Texas.
The FERC application for the proposed project includes: two natural gas liquefaction trains capable of producing, under optimal conditions, approximately 13.5 million metric tons per annum in the aggregate or approximately 698 billion cubic feet of natural gas per year; three LNG storage tanks; natural gas liquids and refrigerant storage; feed gas pre-treatment facilities; two berths and associated marine and loading facilities. A separate application was filed with FERC seeking authorization to construct natural gas pipelines to deliver natural gas to the project.
“We are pleased to continue advancing the Port Arthur LNG project,” said Octavio Simoes, president of Sempra LNG & Midstream. “Our experience in developing, building and operating energy infrastructure will help us deliver a cost-competitive project to the global LNG market.”
Sempra LNG & Midstream and Woodside Energy (USA), Inc. signed a project development agreement in February 2016 that provides a framework for the sharing of costs related to the development, technical design, permitting and marketing of the proposed liquefaction project.
Ongoing development of the project is subject to a number of risks and uncertainties and remains contingent upon completing required commercial agreements, acquiring all necessary permits and approvals, securing financing commitments, potential incentives and satisfying other conditions before making a final investment decision to proceed.
Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500 energy services holding company with 2015 revenues of more than $10 billion. The Sempra Energy companies' 17,000 employees serve more than 32 million consumers worldwide.
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the impact on competitive customer rates due to the growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E’s electric transmission and distribution system; the impact on customer rates and other adverse consequences due to possible departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation; the inability or determination not to enter into long-term supply and sales agreements or long-term firm capacity agreements due to insufficient market interest, unattractive pricing or other factors; and other uncertainties, all of which are difficult to predict and many of which are beyond our control.
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Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not the same companies as the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not regulated by the California Public Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities. Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
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