SAN DIEGO, Nov. 29, 2016 /PRNewswire/ -- Sempra Energy (NYSE:
SRE) today announced its liquefied natural gas (LNG) subsidiaries have filed applications with the Federal Energy Regulatory
Commission (FERC) seeking authorization to site, construct and operate the proposed Port Arthur LNG natural gas liquefaction
facility along the Sabine-Neches Waterway in Southeast Texas.
The FERC application for the proposed project includes: two natural gas liquefaction trains capable of producing, under
optimal conditions, approximately 13.5 million metric tons per annum in the aggregate or approximately 698 billion cubic feet of
natural gas per year; three LNG storage tanks; natural gas liquids and refrigerant storage; feed gas pre-treatment facilities;
two berths and associated marine and loading facilities. A separate application was filed with FERC seeking authorization to
construct natural gas pipelines to deliver natural gas to the project.
"We are pleased to continue advancing the Port Arthur LNG project," said Octavio Simoes,
president of Sempra LNG & Midstream. "Our experience in developing, building and operating energy infrastructure will help us
deliver a cost-competitive project to the global LNG market."
Sempra LNG & Midstream and Woodside Energy (USA), Inc. signed a project development
agreement in February 2016 that provides a framework for the sharing of costs related to the
development, technical design, permitting and marketing of the proposed liquefaction project.
Ongoing development of the project is subject to a number of risks and uncertainties and remains contingent upon completing
required commercial agreements, acquiring all necessary permits and approvals, securing financing commitments, potential
incentives and satisfying other conditions before making a final investment decision to proceed.
Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500 energy services holding
company with 2015 revenues of more than $10 billion. The Sempra Energy companies' 17,000 employees
serve more than 32 million consumers worldwide.
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 like
"believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," "contemplates," "intends," "assumes,"
"depends," "should," "could," "would," "will," "confident," "may," "potential," "possible," "proposed," "target,"
"pursue," "goals," "outlook," "maintain," or similar expressions or discussions of guidance, strategies, plans, goals,
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.
Forward-looking statements are necessarily based upon various assumptions involving judgments with respect to the future
and other risks, including, among others: local, regional, national and international economic, competitive, political,
legislative, legal and regulatory conditions, decisions and developments; actions and the timing of actions, including general
rate case decisions, new regulations, issuances of permits to construct, operate and maintain facilities and equipment and to use
land, franchise agreements and licenses for operation, by the California Public Utilities Commission, California State
Legislature, U.S. Department of Energy, California Division of Oil, Gas, and Geothermal Resources, Federal Energy Regulatory
Commission, Nuclear Regulatory Commission, California Energy Commission, U.S. Environmental Protection Agency, Pipeline and
Hazardous Materials Safety Administration, California Air Resources Board, South Coast Air Quality Management District, Los
Angeles County Department of Public Health, Mexican Competition Commission, states, cities and counties, and other regulatory and
governmental bodies in the countries in which we operate; the timing and success of business development efforts and
construction, maintenance and capital projects, including risks in obtaining, maintaining or extending permits, licenses,
certificates and other authorizations on a timely basis, risks in obtaining the consent of our partners, and risks in obtaining
adequate and competitive financing for such projects; the resolution of civil and criminal litigation and regulatory
investigations; deviations from regulatory precedent or practice that result in a reallocation of benefits or burdens among
shareholders and ratepayers, and delays in, or disallowance or denial of, regulatory agency authorization to recover costs in
rates from customers or regulatory agency approval for projects required to enhance safety and reliability; the availability of
electric power, natural gas and liquefied natural gas, and natural gas pipeline and storage capacity, including disruptions
caused by failures in the North American transmission grid, moratoriums on the ability to withdraw natural gas from or inject
natural gas into storage facilities, pipeline explosions and equipment failures; energy markets; the timing and extent of changes
and volatility in commodity prices; moves to reduce or eliminate reliance on natural gas as an energy source; the impact on the
value of our natural gas storage and related assets and our investments from low natural gas prices, low volatility of natural
gas prices and the inability to procure favorable long-term contracts for natural gas storage services; risks posed by decisions
and actions of third parties who control the operations of investments in which we do not have a controlling interest, and risks
that our partners or counterparties will be unable (due to liquidity issues, bankruptcy or otherwise) or unwilling to fulfill
their contractual commitments; weather conditions, natural disasters, catastrophic accidents, equipment failures, terrorist
attacks and other events that may disrupt our operations, damage our facilities and systems, cause the release of greenhouse
gasses, radioactive materials and harmful emissions, and subject us to third-party liability for property damage or personal
injuries, fines and penalties, some of which may not be covered by insurance (including costs in excess of applicable policy
limits) or may be disputed by insurers; cybersecurity threats to the energy grid, natural gas storage and pipeline
infrastructure, the information and systems used to operate our businesses and the confidentiality of our proprietary information
and the personal information of our customers and employees; the ability to win competitively bid infrastructure projects against
a number of strong competitors willing to aggressively bid for these projects; capital markets conditions, including the
availability of credit and liquidity of our investments, and inflation, interest and currency exchange rates; disallowance of
regulatory assets associated with, or decommissioning costs of, the San Onofre Nuclear Generating Station facility due to
increased regulatory oversight, including motions to modify settlements; expropriation of assets by foreign governments and title
and other property disputes; the impact on reliability of San Diego Gas & Electric Company's (SDG&E) electric
transmission and distribution system due to increased amount and variability of power supply from renewable energy sources and
increased reliance on natural gas and natural gas transmission systems; the impact on competitive customer rates due to the
growth in distributed and local power generation and the corresponding decrease in demand for power delivered through SDG&E's
electric transmission and distribution system; the impact on customer rates and other adverse consequences due to possible
departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation; the inability or
determination not to enter into long-term supply and sales agreements or long-term firm capacity agreements due to insufficient
market interest, unattractive pricing or other factors; and other uncertainties, all of which are difficult to predict and many
of which are beyond our control.
These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the Securities and
Exchange Commission. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website
at www.sempra.com. Investors
should not rely unduly on any forward-looking statements. These forward-looking statements speak only as of the date
hereof, and the company undertakes no obligation to update or revise these forecasts or projections or other forward-looking
statements, whether as a result of new information, future events or otherwise.
Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not the same companies as
the California utilities, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and
Sempra International, LLC, Sempra U.S. Gas & Power, LLC, and Sempra Partners, LP, are not regulated by the California Public
Utilities Commission. Sempra International's underlying entities include Sempra Mexico and Sempra South American Utilities.
Sempra U.S. Gas & Power's underlying entities include Sempra Renewables and Sempra Natural Gas.
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SOURCE Sempra Energy