HomeMarket NewsSempra secures FERC approval for Port Arthur LNG expansion project

Sempra secures FERC approval for Port Arthur LNG expansion project

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Sempra (NYSE:SRE) has received approval from the Federal Energy Regulatory Commission (FERC) to expand its Port Arthur liquefied natural gas (LNG) terminal in Texas. The project was previously removed from the agenda during a public meeting but has now been given the green light.

The Port Arthur LNG expansion will involve the addition of two liquefaction trains, increasing the terminal’s capacity by 13.5 million tons per year. Sempra made the final investment decision on the $13 billion Phase 1 of the project earlier this year and has already begun construction. The first LNG shipment is expected to occur by 2027.

FERC also granted approval for other projects, including the Venture Global Calcasieu Pass project in Louisiana, pipeline extensions by Berkshire Hathaway’s Northern Natural Gas, and Enbridge’s Texas Eastern Transmission.

However, two projects, the WBI Energy Wahpeton expansion project and TC Energy’s Gas Transmission Northwest XPress project, which were previously on the agenda, were not discussed during Thursday’s meeting.

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