Energía Costa Azul LNG Receives US Non-FTA Approval For Liquefaction-Export Infrastructure Project In Mexico
"The timing of these approvals is great news as we meet with customers and partners this week in
"The authorizations are another step forward in the development of this project that could bring many benefits for
ECA LNG Phase 1 development opportunity is a single train LNG facility to be located adjacent to the existing LNG receipt terminal. It is expected to utilize current LNG storage tanks, marine berth and associated facilities. Phase 2 of the project will include the addition of two trains and one LNG storage tank. The DOE authorizations allow the export of 636 billion cubic feet (Bcf) a year of U.S. sourced LNG from these infrastructure projects. Phase 2 of the project will require additional DOE approval in order to export its full expected capacity.
The existing ECA receipt terminal was the first LNG receipt terminal constructed on
The DOE approval comes as the company prepares to discuss the U.S. LNG market this week at the 19th
Development of the ECA LNG liquefaction project is contingent upon obtaining binding customer commitments, completing the required commercial agreements, securing all necessary permits, including additional export authorization from the Mexican and U.S. governments, obtaining financing, incentives and other factors, and reaching a final investment decision.
This press release contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "assumes," "depends," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "target," "pursue," "outlook," "maintain," or similar expressions or when we discuss our guidance, strategy, plans, goals, vision, opportunities, projections, initiatives, objectives or intentions. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Future results may differ materially from those expressed in the forward-looking statements.
Factors, among others, that could cause our actual results and future actions to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: actions and the timing of actions, including decisions, new regulations and issuances of authorizations by the
View original content to download multimedia:http://www.prnewswire.com/news-releases/energia-costa-azul-lng-receives-us-non-fta-approval-for-liquefaction-export-infrastructure-project-in-mexico-300821553.html
Media Contact: Paty O. Mitchell, Sempra Energy, (877) 855-7887, firstname.lastname@example.org; Financial Contact: Patrick Billings, Sempra Energy, (877) 736-7727, email@example.com