Cameron LNG Liquefaction Project Breaks Ground In Louisiana

LNG export project to create 3,000 new construction jobs, deliver natural gas to international markets

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Oct 23, 2014, 03:11 ET

HACKBERRY, La., Oct. 23, 2014 /PRNewswire/ -- More than 300 community, business and international leaders, along with several federal, state and local elected officials, today took part in a groundbreaking ceremony for the new $10 billion liquefaction export facilities at Cameron LNG in Hackberry, La. The project is being developed by a joint venture formed by Sempra Energy's (NYSE: SRE) Sempra LNG unit, GDF SUEZ S.A., Mitsui & Co., Ltd. and Mitsubishi Corporation, through a related company jointly established with Nippon Yusen Kabushiki Kaisha.

Community, business and international leaders, along with several federal, state and local elected officials, today took part in a groundbreaking ceremony for the new $10 billion liquefaction export facilities at Cameron LNG in Hackberry, La.

"Today is a special day for all of us at Cameron LNG," said Farhad Ahrabi, CEO of Cameron LNG. "We are proud to kick off construction alongside elected leaders from Louisiana, community members who have supported this project since day one, our Cameron LNG partners and our dedicated employees that have helped make this project a reality. All of us at Cameron LNG are committed to developing this project in a safe and responsible way, respecting and protecting the environment and the people. We look forward to 2018 when the first LNG cargo is loaded and on its way to global markets."

The liquefaction project will be comprised of three-train natural gas liquefaction facilities with an export capability of 12 million tonnes per annum of liquefied natural gas (LNG), or approximately 1.7 billion cubic feet per day. All three trains are expected to commence operations during 2018, with the first full year of operations in 2019.

During the peak year of construction, Cameron LNG will add nearly 3,000 jobs in the area and will support small businesses that provide goods and services. Once in operation, the project will add approximately 200 full-time jobs in Louisiana and Texas.

The Cameron LNG liquefaction project received final approval to operate by the Federal Energy Regulatory Commission in June 2014 and, last month, received the U.S. Department of Energy's final authorization to export LNG to non-free-trade-agreement (FTA) countries.

Cameron LNG Holdings is a joint venture owned by affiliates of Sempra Energy, GDF SUEZ S.A., Mitsui & Co., Ltd. and Japan LNG Investment, LLC, a joint venture formed by subsidiaries of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha, and comprises the Cameron LNG liquefied natural gas (LNG) receipt terminal in Hackberry, La., and the construction and operation of liquefaction facilities adjacent to the existing terminal.

www.cameronLNG.com

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SOURCE Cameron LNG