facebook
twitter
rss
account
search
search
 

Investment decision made for Cameron LNG

Full project slated for completion in 2019.
By Daniel J. Graeber   |   Aug. 7, 2014 at 10:31 AM   |   Comments

| License Photo
PARIS, Aug. 7 (UPI) -- French energy company GDF Suez said Thursday it made a final investment decision on a liquefied natural gas plant planned for Louisiana.

GDF Suez is a partner with Cameron LNG for the LNG plant planned for Hackberry, La. The plant is designed to produce and export up to 12 million tons of LNG per year.

"We are very pleased to partner in one of the first LNG export projects in the United States," Gerard Mestrallet, president and chief executive officer of GDF Suez said in a statement.

Production of the facility should be completed in 2019 at a cost of $10 billion.

The Federal Energy Regulatory Commission issued its final environmental impact statement on the Cameron LNG facility in early May. The construction and operation of the facility would result in some environmental damage, but that damage would be rendered "less-than-significant" by the company's proposed mitigation strategies, FERC said.

The project is the sixth such project in the country to receive approval to export LNG to countries that don't have a free-trade agreement with the United States since 2011.

GDF has export deals for LNG sourced from the Cameron facility with several Asian countries.

Follow @dan_graeber and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Rheinmetall, KBR in joint venture bid for British defense entity
Trending News
Video
x
Feedback