Sempra LNG’s Louisiana Cameron LNG export facility has started full commercial operations under its tolling agreements.
"At Sempra LNG, we set a goal of building the leading LNG export business in North America. With Cameron LNG moving to full commercial operations, we are one step closer to that goal. We look forward to continuing to work with customers and partners around the world to achieve their energy transition goals," said Justin Bird, Sempra LNG CEO.
Train 1 and Train 2 came online in August, 2019 and February, 2020, respectively. Up to 10th August, the facility had shipped nearly 100 cargoes totalling more than 6 mill tonnes of LNG, the operator said.
Train 3’s start up marked the beginning of full run-rate earnings under Cameron LNG's tolling agreements. The export facility is expected to generate nearly $12 bill of after-debt service cash flows for Sempra Energy during the 20-year contract period, the company claimed.
Cameron LNG is jointly owned by affiliates of Sempra LNG, TOTAL, Mitsui & Co and Japan LNG Investment, a company jointly owned by Mitsubishi Corp and Nippon Yusen Kabushiki Kaisha. Sempra Energy indirectly owns 50.2% of the facility.
Sempra LNG and partners are also developing Cameron LNG Phase 2, which has US Federal Energy Regulatory Commission (FERC) authorisation.
The project’s owners have signed memorandums of understanding (MoUs) for 100% of Phase 2's offtake capacity with no change in equity ownership.