Sempra LNG and Merrill Lynch Sign Capacity Agreement
Posted on Mar 9, 2006 in Regas Terminals & Capacity | Comments Off on Sempra LNG and Merrill Lynch Sign Capacity Agreement
Sempra Energy announced today that Merrill Lynch Commodities, a subsidiary of Merrill Lynch & Co., Inc., has secured capacity rights at Sempra’s Cameron LNG terminal in Lake Charles, La. Under the fifteen-year agreement, Merrill Lynch Commodities could deliver up to 500 million cubic feet per day. The terminal, which is scheduled to begin commercial operations in late 2008, will have an initial capacity of 1.5 Bcf/d and is applying for an expansion that would increase capacity to 2.65 Bcf/d by 2010. Sempra said it is not clear yet when Merrill would use the terminal.