Sempra considers delaying Cameron LNG Phase 2 due to ‘cost headwinds’

(Courtesy Sempra Energy) Cameron LNG

Sempra Infrastructure could delay a final investment decision to expand the Cameron LNG facility in Louisiana to avoid further impacts from a mounting labor and supply crunch for projects on the Gulf Coast, report Natural Gas Intelligence.

The LNG infrastructure unit of San Diego-based Sempra had been targeting the completion of a competitive front-end engineering and design (FEED) process sometime this summer. Management said the project would then soon reach FID as Sempra has already formed equity and offtake agreements with partners in the first phase.

However, CEO Justin Bird told analysts during a first quarter call last week that the process may be extended as cost headwinds stack up for Gulf Coast projects. Read the entire story.