Liquefaction helps the future look bright.
As a result of the improved outlook for domestic natural gas production, in 2011 Cameron LNG proposed adding natural gas liquefaction and export facilities to its existing terminal in Hackberry, Louisiana. The total project cost is anticipated to be between $9 to $10 billion, the majority of which will be project-financed and the balance provided by the project partners.
The liquefaction project will use many of Cameron LNG's existing facilities, and will be comprised of three liquefaction trains capable of exporting up to 12 million tonnes per annum (Mtpa), or approximately 1.7 billion cubic feet per day of liquefied natural gas. Construction on the project is planned to start in 2014 with full commercial operation in 2019.
Cameron LNG has obtained approval from the U.S. Department of Energy (DOE) to export up to 12 Mtpa, or approximately 1.7 Bcf per day, of domestically produced LNG to all current and future Free Trade Agreement countries and on February 11, 2014 received conditional authorization from the DOE to export LNG to non-Free Trade Agreement countries, including those in Europe and Asia. Cameron LNG has also received authorization from the Federal Energy Regulatory Commission (FERC) to site, construct and operate the natural gas liquefaction and export facility.
This expansion will provide economic benefits to the U.S., create jobs, support small businesses and provide America's trading partners with supplies of clean-burning natural gas. This project has strong support from the community, both current U.S. Senators in Louisiana, the Governor of Louisiana, the region's state and local officials and other community leaders.