DOE approves Cameron LNG export authorization changes

DOE approves Cameron LNG export authorization changes

The U.S. Department of Energy (DOE) approved changes in control of Cameron LNG’s FTA authorization, and its conditional non-FTA authorization.

On February 18, 2014, Cameron LNG, a unit of Sempra, filed an application with the Office of Fossil Energy (FE) of the DOE to transfer indirect control of two DOE/FE export authorizations that it currently holds.

These authorizations include: (1) an authorization to export liquefied natural gas (LNG) to any country with which the United States has a free trade agreement (FTA) that requires national treatment for trade in natural gas (FTA countries), and (2) a conditional authorization to export LNG to countries with which the United States does not have an FTA that requires national treatment for trade in natural gas (non-FTA countries).

Together, these authorizations permit Cameron to export domestically produced LNG from the existing Cameron LNG terminal located in Cameron and Calcasieu Parishes, Louisiana, in a cumulative volume equivalent to 1.7 billion cubic feet per day (Bcf/d) of natural gas, or 620 Bcf per year (Bcf/yr).

Cameron said that the indirect transfer of control will occur due to a change in the ownership structure of Cameron’s parent company.

Under the transaction, the interest of Sempra LNG in Cameron will be transferred to Cameron LNG Holdings, also a wholly owned subsidiary of Sempra.

[mappress]
LNG World News Staff, July 10, 2014; Image: Cameron LNG

 

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