LAGUNA BEACH, CA and HOUSTON, TX--(Marketwired - Sep 4, 2014) - CEO and Chairman of SCT&E LNG, Greg Michaels, attended a private roundtable session in Houston, Texas, centered on the State of Louisiana's energy projects. The Louisiana Capital Projects Roundtable event was hosted by Environmental Resources Management (ERM) and the panel featured Louisiana Lieutenant Governor, Jay Dardenne.
During the roundtable session with high level stakeholders in attendance, Mr. Michaels spoke about the status of his $9.25 billion LNG project on Monkey Island and described the direction to which the LNG project is headed. Michaels reiterated his satisfaction with previous Louisiana stakeholder meetings and elaborated on the outstanding level of enthusiasm for the project from both residents and local officials in Cameron Parish.
Other LNG leaders in attendance included Cheniere Energy, Inc., whose Sabine Pass facility represents the first LNG Manufacturing Export Terminal to receive Federal Energy Regulatory Commission approval. Michaels is extremely optimistic about his large-scale LNG project and is encouraged by its forward progress.
While in Houston, Michaels also interviewed high-level LNG industry executives for leadership positions for the liquefaction project in Cameron Parish, Louisiana. Michaels confirmed, "We are one step closer to bringing very powerful team leaders into the organization."
About SCT&E LNG:
SCT&E LNG, LLC, a subsidiary of Southern California Telephone & Energy (SCT&E), is in the early stages of developing a large-scale LNG facility on Monkey Island, in Cameron Parish, Louisiana. SCT&E and its parent company, Southern California Telephone Company, includes its subsidiary North Energy Central whose principals have built over $5 billion in power generation projects worldwide. Originally founded in 1994 by CEO Greg Michaels, the company is a vertically integrated Telephone, Energy, and Power Generation Corporation, offering Telecommunication Services as well as Energy Services, including renewable energy and energy efficiency solutions, thus blending the world of utility mediums.
The company has multiple locations, with its corporate office headquartered in Temecula, California. SCT&E owns and operates a redundant telecommunications network and maintains facilities on both coasts of the United States. The company is also an authorized Electric Service Provider (ESP) and has a U.S. Federal Energy Regulatory Commission (FERC) Authority allowing the company to buy and sell energy nationwide in both the wholesale and retail markets.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties, and assumptions that include expected earnings, future growth and financial performance, and typically can be identified by the use of words such as "expect," "estimate," "anticipate," "forecast," "plan," "believe" and similar terms. Although SCT&E LNG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the oil and gas industry, weather conditions, competition in oil and gas markets, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the oil and gas markets, changes in government regulation of markets and of environmental emissions, the condition of capital markets generally, the company's ability to access capital markets, unanticipated facilities outages, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), and failure to acquire or transact on offtake agreements.
SCT&E LNG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause SCT&E LNG actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect SCT&E LNG's future results.