FERC approves Sempra Energy’s Cameron LNG export terminal

The Federal Energy Regulatory Commission has signed off on a second liquefied natural gas export, the final federal approval needed for the project to move forward.The new authorization allows San Diego-based Sempra Energy NYSE: SRE and its subsidiary, Houston-based Cameron LNG, to export LNG from a terminal near the Texas border i n Hackberry, Louisiana, to more lucrative non-free trade agreement areas like Asia and Europe.Construction is expected to begin in late 2014 on the nearly $10 billion project with full operations starting in 2018, according to Sempra.Sempra joins Houston-based Cheniere Energy Inc. NYSE: LNG as the only two companies with both FERC and U.S. Department of Energy authorization for LNG exports to non-FTA nations. Sempra received its DOE approval in February.

via FERC approves Sempra Energy's Cameron LNG export terminal – Houston Business Journal.

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