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Cameron LNG seeks extension for construction of second phase

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LNG Industry,


According to Reuters, Cameron LNG has requested permission from US energy regulators for a 72-month extension until May 2026 to construct the second phase of the Cameron LNG facility in Louisiana.

Cameron LNG reportedly said in a filing with the US Federal Energy Regulatory Commission (FERC) that it is expecting to make a final investment decision (FID) by mid-2021 to add a further two trains. Reuters reports that Cameron LNG said construction of these new trains was likely to take up to 58 months.

So far, one train is currently operating at the facility, with Trains 2 and 3 expected to enter commercial service in 1Q20 and 3Q20, respectively. Reuters reports that the first phase of the project is expected to cost approximately US$10 billion.

According to Reuters, the FERC filing shows that all trains at the Louisiana facility are designed to export approximately 5 million tpy of LNG.

FERC approved construction of Trains 4 and 5 in May 2016. This order required the company to put the units in service by May 2020. According to Reuters, Cameron said it has already spent approximately US$50 million (including development costs) on the expansion project. The company said it was not in a position to commence work on Trains 4 and 5, partly because of a change in circumstances of one of its JV partners.

Reuters reports that, in 2016, one of the former partners said it did not want to invest further capital into the expansion. Although Cameron LNG did not name the partner, it reportedly said in the filing that Total SA acquired Engie SA’s interest in the venture in July 2018.

Read the article online at: https://www.lngindustry.com/liquefaction/28012020/cameron-lng-seeks-extension-for-construction-of-second-phase/

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