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News Breaks | | | | February 26, 2013 | | 13:34 EDT |  | SRE | Sempra Energy CEO expects Fed approval of gas-export facility by end of 2013
CEO Debra Reed says gas-export terminal construction could start by early 2014 with an estimated cost of $6B-$7B. | |
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News For SRE From The Last 14 Days Check below for free stories on SRE the last two weeks. |
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| May 17, 2013 | | 10:13 EDT |  | SRE | Sempra Energy to host analyst meeting
Analyst meeting to be held in New York on May 23 at 1 pm. Webcast Link | | | May 16, 2013 | | 16:18 EDT | | SRE | Sempra in tolling capacity JV with GDF SUEZ, Mitsubishi, Mitsui
Sempra Energy, Mitsubishi Corporation and Mitsui,announced that they have signed 20-year tolling capacity and joint-venture agreements to support the development, financing and construction of a liquefied natural gas, LNG, export facility at the site of the Cameron LNG receipt terminal in Hackberry, La. The anticipated incremental investment, the majority of which will be project-financed, is estimated to be approximately $6B to $7B, excluding capitalized interest and other financing costs. The total cost of the facility, including the cost of the existing facilities plus interest during construction, financing costs and required reserves, is estimated to be approximately $9B to $10B.Construction is expected to start in 2014 with the first phase of liquefaction operations to commence in the second half of 2017. Full commercial operation of all three trains is expected in 2018. | |
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