Sempra’s LNG facility in Louisiana expands
Summary
Sempra Energy’s massive $10 billion facility on the Louisiana Gulf Coast that ships liquefied natural gas to destinations around the globe has completed the next step of a larger effort to expand its commercial operations. Cameron LNG is jointly owned by Sempra, French multinational Total, Mitsui of Japan and a consortium of other Japanese companies that includes Mitsubishi. Sempra plans to add two more trains as part of its second phase of operations at Cameron and the company is expected to make a final investment decision on constructing another LNG project — this one in Port Arthur, Texas — in the third quarter of this year. In addition, by the end of the month Sempra’s subsidiary in Mexico is expected to announce whether it will add an export component to an already existing LNG facility near Ensenada. A number of U.S. companies are racing to construct LNG export facilities to take advantage of the boom in natural gas production in the past decade in places like the Permian Basin in West Texas and southeastern New Mexico.