Cameron LNG wants six-year extension for second phase

(Courtesy Mitsui & Co.) Cameron LNG

Cameron LNG has asked U.S. energy regulators for a 72-month extension to build the second phase of the joint venture’s Cameron liquefied natural gas (LNG) export plant in Louisiana, Reuters reports.

If the extension is granted, the deadline will be pushed to May 2026.

Citing a filing with the U.S. Federal Energy Regulatory Commission last week, Reuters reports that Cameron LNG anticipates making a final investment decision by mid 2021 to add two additional liquefaction trains, with construction likely taking 58 months.

One train is already operating at the plant and the company has said it expects trains 2 and 3 to enter commercial service in the first and third quarters of 2020, respectively. The company has said the first phase of the project cost about $10 billion.

All of the trains at Cameron are designed to export about 5.0 million tonnes per annum (MTPA), or 0.66 billion cubic feet per day (bcfd), according to the FERC filing. One billion cubic feet is enough gas for about five million U.S. homes.

Just looking at terminals under construction, U.S. LNG export capacity is expected to jump to 10.0 bcfd by the end of 2020 and 10.7 bcfd in 2021 from 7.8 bcfd now.

Reuters has the full story.