SAN DIEGO, March 23, 2015 /PRNewswire/ -- Sempra Energy
(NYSE: SRE) today announced its subsidiary, Port Arthur LNG, has
requested that the Federal Energy Regulatory Commission (FERC)
initiate the pre-filing review for the company's proposed Port
Arthur LNG natural gas liquefaction and export facility in
Port Arthur, Texas.
The proposed liquefaction project is designed to include: two
natural gas liquefaction trains with a total export capability of
approximately 10 million tons per annum, or 1.4 billion cubic feet
per day; two 160,000-cubic-meter storage tanks; marine facilities
for vessel berthing and loading; natural gas liquids and
refrigerant storage; feed gas pre-treatment; truck loading and
unloading areas; and combustion turbine generators for
self-generation of electrical power.
On March 20, Port Arthur LNG also
filed a permit application with the U.S. Department of Energy (DOE)
for authorization to export the LNG produced from the proposed
project to all current and future Free Trade Agreement (FTA)
countries and expects to submit to the DOE an application for
authorization to export the LNG produced from Port Arthur LNG to
non-FTA countries in the coming months.
"We have gained valuable experience working with the FERC
during the permitting process for the Cameron LNG liquefaction
project in Louisiana," said
Octavio M. Simoes, president of
Sempra LNG. "If we are successful, this project would provide
long-term economic benefits and create new jobs in the region,
while strengthening America's role as a global energy leader."
The proposed project would utilize a portion of Sempra's
approximately 2,900 acres of property with 3 miles of waterfront on
the Sabine-Neches Ship Channel and 1.25 miles of waterfront on the
Intracoastal Waterway.
The company's Port Arthur LNG site previously was evaluated and
certified by the FERC in 2006 for a proposed import regasification
facility and pipeline and also was permitted by the Texas
Department of Transportation for the potential relocation of a
portion of State Highway 87.
Development of the Port Arthur LNG liquefaction project is
contingent on completing the required commercial agreements,
securing all necessary permits and approvals, obtaining financing
and incentives, reaching a final investment decision and other
factors associated with the investment.
Sempra U.S. Gas & Power, another subsidiary of Sempra
Energy, is proposing to develop a natural gas pipeline project
consisting of two separate 42-inch diameter pipeline segments that
would interconnect with intra- and interstate pipelines to the
north and south of the proposed Port Arthur LNG liquefaction
project.
Sempra LNG successfully permitted Cameron LNG, which is now in
construction. Port Arthur LNG is one of three liquefaction projects
being developed by Sempra Energy. The other projects include
the proposed expansion of Cameron LNG with trains No. 4 and No. 5
and liquefaction facilities at Energia Costa Azul in Baja California, Mexico.
Sempra Energy, based in San
Diego, is a Fortune 500 energy services holding company with
2014 revenues of $11 billion.
The Sempra Energy companies' 17,000 employees serve more than 32
million consumers worldwide.
This press release contains statements that are not
historical fact and constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by words like
"believes," "expects," "anticipates," "plans," "estimates,"
"projects," "forecasts," "contemplates," "intends," "depends,"
"should," "could," "would," "will," "confident," "may,"
"potential," "target," "pursue," "goals," "outlook," "maintain" or
similar expressions, or discussions of guidance, strategies, plans,
goals, opportunities, projections, initiatives, objectives or
intentions. Forward-looking statements are not guarantees of
performance. They involve risks, uncertainties and
assumptions. Future results may differ materially from those
expressed in the forward-looking statements. Factors among
others that could cause our actual results and future actions to
differ materially from those described in our forward-looking
statements include:: local, regional, national and international
economic, competitive, political, legislative and regulatory
conditions and developments; actions and the timing of actions,
including issuances of permits to construct and licenses for
operation, by the California Public Utilities Commission,
California State Legislature, U.S. Department of Energy, Federal
Energy Regulatory Commission, Nuclear Regulatory Commission, Atomic
Safety and Licensing Board, California Energy Commission, U.S.
Environmental Protection Agency, California Air Resources Board,
and other regulatory, governmental and environmental bodies in
the United States and other
countries in which we operate; the timing and success of business
development efforts and construction, maintenance and capital
projects, including risks in obtaining, maintaining or extending
permits, licenses, certificates and other authorizations on a
timely basis and risks in obtaining adequate and competitive
financing for such projects; energy markets, including the timing
and extent of changes and volatility in commodity prices, and the
impact of any protracted reduction in oil prices from historical
averages; the impact on the value of our natural gas storage assets
from low natural gas prices, low volatility of natural gas prices
and the inability to procure favorable long-term contracts for
natural gas storage services; delays in the timing of costs
incurred and the timing of the regulatory agency authorization to
recover such costs in rates from customers; capital markets
conditions, including the availability of credit and the liquidity
of our investments; inflation, interest and currency exchange
rates; the impact of benchmark interest rates, generally Moody's
A-rated utility bond yields, on our California Utilities' cost of
capital; the availability of electric power, natural gas and
liquefied natural gas, and natural gas pipeline and storage
capacity, including disruptions caused by failures in the North
American transmission grid, pipeline explosions and equipment
failures and the decommissioning of San Onofre Nuclear Generating
Station; cybersecurity threats to the energy grid, natural gas
storage and pipeline infrastructure, the information and systems
used to operate our businesses and the confidentiality of our
proprietary information and the personal information of our
customers, terrorist attacks that threaten system operations and
critical infrastructure, and wars; the ability to win competitively
bid infrastructure projects against a number of strong competitors
willing to aggressively bid for these projects; weather conditions,
conservation efforts, natural disasters, catastrophic accidents,
and other events that may disrupt our operations, damage our
facilities and systems, and subject us to third-party liability for
property damage or personal injuries; risks that our partners or
counterparties will be unable or unwilling to fulfill their
contractual commitments; risks posed by decisions and actions of
third parties who control the operations of investments in which we
do not have a controlling interest; risks inherent with nuclear
power facilities and radioactive materials storage, including the
catastrophic release of such materials, the disallowance of the
recovery of the investment in, or operating costs of, the nuclear
facility due to an extended outage and facility closure, and
increased regulatory oversight; business, regulatory, environmental
and legal decisions and requirements; expropriation of assets by
foreign governments and title and other property disputes; the
impact on reliability of San Diego Gas & Electric Company's
(SDG&E) electric transmission and distribution system due to
increased amount and variability of power supply from renewable
energy sources; the impact on competitive customer rates of 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
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; the resolution of litigation; and other uncertainties, all
of which are difficult to predict and many of which are beyond our
control. These risks and uncertainties are further discussed
in the reports that Sempra Energy has filed with the Securities and
Exchange Commission. These reports are available through the EDGAR
system free-of-charge on the SEC's website, www.sec.gov, and on the
company's website at www.sempra.com. Investors should
not rely unduly on any forward-looking statements. These
forward-looking statements speak only as of the date hereof, and
the company undertakes no obligation to update or revise these
forecasts or projections or other forward-looking statements,
whether as a result of new information, future events or otherwise.
Sempra International, LLC, and Sempra U.S. Gas & Power, LLC,
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, and Sempra U.S. Gas & Power,
LLC, 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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