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News
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
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Industry News
Final Financing Decision Reached for Cameron LNG Export Project
LCG, August 7, 2014 - Sempra Energy yesterday announced the Cameron Liquefaction Project sponsors, Sempra LNG, GDF SUEZ S.A. (GDF SUEZ), Mitsui & Co., Ltd. (Mitsui) and Mitsubishi Corporation (Mitsubishi), through a related company jointly established with Nippon Yusen Kabushiki Kaisha (NYK), each have approved a final investment decision for the development, construction and operation of the natural gas liquefaction and export project planned at the site of Sempra Energy's Cameron LNG receipt terminal in Hackberry, Louisiana.
The total project cost is estimated at approximately $10 billion, including contribution of the existing Cameron LNG facilities, construction of the new facilities and financing cost.?? The financing commitments for the project total $7.4 billion and will be provided by the Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI) and a group of 29 commercial banks.
The president of Sempra LNG stated, ???This represents one of the largest project financings in the U.S. Today's commitments from our project sponsors and international banks put us one step closer to delivering domestic natural gas to America's trading partners in Europe and Japan."
In June the Federal Energy Regulatory Commission (FERC) authorized Sempra Energy???s subsidiary, Cameron LNG, to site, construct and operate the natural gas liquefaction and export facility at the site of the company's LNG receipt terminal in Hackberry. ??The FERC also authorized in June a subsidiary of Sempra Energy to construct a 21-mile, 42-inch natural gas pipeline expansion of the Cameron Interstate Pipeline, new compressor station and ancillary equipment that will provide natural gas transportation for the liquefaction facilities.
The Department of Energy (DOE) previously awarded the project a conditional authorization to export LNG to non-free-trade-agreement (non-FTA) countries, including Japan and European nations. A final authorization from DOE is expected later this year.
The project natural gas liquefaction facilities include three trains that will have a combined export capability of 12 million tonnes/year of liquefied natural gas (LNG), or approximately 1.7 Bcf/day. ??Subject to final regulatory approval, satisfaction of conditions of the initial equity funding and first disbursement of the financing, construction on the project is expected to begin later this year. ??All three trains are expected to commence operations during 2018.
Subject to the finalization of permits and other conditions to the equity and debt financing, Sempra Energy will have an indirect 50.2-percent ownership interest in Cameron LNG and the related liquefaction project, and the remaining portion will be owned by affiliates of GDF SUEZ, Mitsubishi (through a related company jointly established with NYK) and Mitsui, each with 16.6-percent stakes.
There is another LNG export project in the Gulf that is gaining momentum as well. At the end of last month, the FERC authorized Freeport LNG Development, L.P. (Freeport LNG) to site, construct, and operate facilities to liquefy and export domestic natural gas from its existing liquefied natural gas (LNG) import terminal located near the city of Freeport, Texas. The Freeport Liquefaction Project liquefaction facilities will include three trains and a combined liquefaction capacity of 1.8 Bcf/day. Freeport LNG expects to start construction on the liquefaction project this year and achieve commercial operation of the first liquefaction train in 2018, with the second and third trains operational in 2019.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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