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Terminal News

Sempra Energy & Mitsui sign MoU for North American LNG projects

Sempra Energy & Mitsui sign MoU for North American LNG projects
Sempra Energy has signed an MoU with Mitsui & Co concerning Mitsui's participation in the Cameron LNG Phase 2 project in Louisiana and a future expansion of the Energía Costa Azul project in Baja California, Mexico.

The non-binding MoU covers the continued mutual support for the development of Cameron LNG Phase 2, including Mitsui's purchase of up to one-third of the available capacity of the project, as well as the potential offtake of one million tonnes per annum of LNG and equity participation in a future expansion of ECA LNG.

ECA is being developed with IEnova, Sempra's subsidiary in Mexico. Phase 1 of the project includes one liquefaction train with an export capacity of 2.4 Mtpa. ECA LNG's future expansion would include additional trains with an expected export capacity of 12 Mtpa.

Train 1 of the Cameron LNG Phase 1 project started commercial operations in August 2019. Trains 2 and 3 are expected to begin LNG production in the first and second quarter of 2020 respectively. Cameron LNG Phase 2, which has all the necessary permits from the FERC, encompasses up to two additional LNG storage tanks.

Justin Bird, president of Sempra LNG, says: 'This agreement signals continued momentum in the growing US LNG export market, while reinforcing the unique competitive advantage that Sempra offers customers seeking LNG export capabilities from the Gulf Coast, as well as the West Coast of North America. We are pleased to expand our relationship with Mitsui and advance the development of both LNG projects.'



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