(Source: MARKETWIRE)

Louisiana Gov. Bobby Jindal, Donald E. Felsinger, chairman and chief
executive of Sempra Energy, and other dignitaries today dedicated
Sempra Energy's (NYSE: SRE) Cameron liquefied natural gas (LNG)
receipt terminal near Lake Charles, La., the newest LNG receipt
facility on the Gulf Coast of North America.
The $900 million LNG receipt terminal is capable of processing up to
1.5 billion cubic feet per day (Bcf/d) of natural gas. At the peak of
its four-year construction, the project employed more than 1,000
workers.
"Cameron LNG represents the most visible of our recent Gulf Coast
natural gas infrastructure investments, which also include pipelines,
natural gas storage facilities and a natural gas utility," Felsinger
said. "With this new terminal, and our existing Energia Costa Azul
terminal on the West Coast, we are the only company able to provide
access to the North American market from either the Pacific or
Atlantic basins."
"This project would not have been possible without the help of many
businesses, elected leaders, regulators and local residents,"
Felsinger said. "We look forward to working with the state of
Louisiana on future energy projects that address the state's energy
needs and those of our nation."
"Sempra Energy's decision to invest $900 million and establish
Cameron LNG in Southwest Louisiana is building upon this region's
terrific economic momentum," said Gov. Bobby Jindal. "We have
recently announced several major projects in Southwest Louisiana
including Shaw Modular Solutions, the Northrop Grumman KC-10 contract
and now, the official start up of Cameron LNG. These announcements
reflect the comprehensive reforms we have made to Louisiana's
business climate, which have enabled our state to continue
successfully attracting companies during this time of national
economic downturn."
Cameron LNG's first cargoes of imported natural gas arrived in June
and the project began commercial operations on July 30.
About 65 percent of the combined 2.5 Bcf/d capacity of the Energia
Costa Azul and Cameron LNG terminals is contracted. Cameron LNG has a
20-year contract with Eni S.p.A., an Italian energy company, and a
flexible agreement with RasGas to purchase up to 50 LNG cargoes
through Dec. 31, 2010. Energia Costa Azul's capacity is contracted
under agreements with Shell, Gazprom and Sempra LNG Marketing.