Sempra remains ‘quite bullish’ on Cameron LNG expansion, says CEO

US LNG operator and energy firm Sempra continues to be “quite bullish” regarding the planned expansion of its Cameron LNG export plant in Louisiana, according to the company’s chief executive Jeffrey Martin.

“I think we have been consistent really over the last 18 months about continuing to have a more bullish view on Cameron expansion,” Martin told analysts during the company’s second-quarter earnings call last week.

He said the company was “working closely” on the expansion with project partners Mitsui, Mitsubishi and TotalEnergies, and would continue to have those conversations throughout the fall.

Sempra, which indirectly holds 50.2 percent of Cameron LNG, has previously signed memorandums with the three firms for the second phase of the facility.

The partners previously planned to build two LNG trains, adding about 10 million tonnes per year to the 12 mtpa liquefaction facility.

However, Sempra said earlier this year that the partners now plan to build only the fourth train with a capacity of 6 mtpa.

In addition to the memorandums with the three partners, some of the volumes from the fourth Cameron train could also go to Poland’s PGNiG.

To remind, PGNiG and Sempra have recently terminated a deal for 2 mtpa of LNG supply from Sempra’s Port Arthur project.

PGNiG said it had made the decision to terminate the deal due to delays in the project’s development.

On the other side, the duo had also agreed on a non-binding deal under which PGNiG would buy about 2 mtpa from Sempra LNG’s portfolio of projects in North America, which could include the Cameron expansion.

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