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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

SEMPRA's Cameron LNG Terminal Gains Momentum

LCG, October 26, 2005--Sempra LNG, a unit of Sempra Energy, yesterday announced that it has executed a Heads of Agreement (HOA) with Sonatrach S.A., Algeria's state-owned natural gas and oil refining company, to deliver liquefied natural gas (LNG) from Algeria to the Gulf Coast, where Sempra is constructing the Cameron LNG Terminal. The terminal is scheduled to be operational in late 2008.

According to Sempra, the non-binding HOA contemplates a 20-year agreement to import 250 to 500 MMcf/day of Algerian gas. The companies are proceeding with detailed negotiations that include exploring additional opportunities to market the natural gas in the United States.

The Cameron LNG terminal is designed to have an initial processing capacity of 1.5 Bcf/day. The terminal is located about 15 miles south of Lake Charles and is near Henry Hub. Following re-gasification at the terminal, natural gas will be transported approximately 35 miles via the planned Cameron Interstate Pipeline to interstate and intrastate pipelines, which will then deliver the gas to markets throughout the Central and Eastern United States. The new, 36-inch diameter pipeline is a project of Sempra Pipelines & Storage, a unit of Sempra Energy. The Federal Energy Regulatory Commission previously granted approval to construct and operate the pipeline.

In July of this year, Sempra LNG announced that it had executed a long-term agreement to provide Eni S.p.A. with approximately 600 MMcf/day of capacity in the LNG terminal and the Cameron Pipeline. The 20-year agreement calls for deliveries to begin in early 2009. Eni S.p.A. is an international company based in Italy that operates in the oil, natural gas, electricity generation, petrochemicals, engineering and construction and oilfield services sectors of the energy industry.

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