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Terminal News

Cameron LNG requests 72-month extension for export plant

Cameron LNG requests 72-month extension for export plant
Cameron LNG has filed a request for the US Federal Energy Regulatory Commission for a 72-month extension until March 2026 for the second phase of the Cameron LNG export facility in Louisiana.

The company says in the filing it anticipates making a final investment decision by mid-2021 to add two additional liquefaction trains and that construction of the trains could take up to 58 months.

One train is already operational at the plant and all of the trains at Cameron are designed to export five million tonnes per annum. Cameron says that first phase of the project cost $10 billion.

According to analysis by Reuters, US LNG export capacity is expected to jump to 10.0 bcfd by the end of 2020 and 10.7 bcfd in 2021 from the current 7.8 bcfd currently.

FERC approved construction of Cameron 4 and 5 in May 2016 in an order that required the company to put the units in service within four years, by May 2020.

Reuters reports that the company said it was not able to start work on Cameron 4 and 5 in part due to a change in circumstances of one of its joint venture partners.



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