Sempra LNG, a subsidiary of Sempra Energy, has begun full commercial operations under tolling agreements of its 5-million tonne/year (tpy) Train 3 at the Cameron LNG liquefaction plant in Hackberry, La. Cameron LNG achieved commercial operations of Train 1 and Train 2 in August 2019 and February 2020, respectively (OGJ Online, Mar. 2, 2020). The plant’s total capacity is now 15-million tpy.
Sempra LNG and its partners are also developing the 10-million tpy Cameron LNG Phase 2, previously authorized by the US Federal Energy Regulatory Commission (FERC). Project owners have signed memorandums of understanding for 100% of Phase 2’s offtake capacity with no change in equity ownership. Phase 2 will add two additional production trains and associate storage. Sempra earlier this year asked FERC for a 6-year extension (to May 2026) to complete construction of Phase 2.
Commercial operations of Train 3 mark the beginning of full run-rate earnings under Cameron LNG’s tolling agreements. The plant is expected to generate nearly $12 billion of after-debt service cash flows for Sempra Energy during the 20-year contract period.
Cameron LNG is jointly owned by affiliates of Sempra LNG, Total SE, Mitsui & Co. Ltd. and Japan LNG Investment LLC, a company jointly owned by Mitsubishi Corp. and Nippon Yusen Kabushiki Kaisha. Sempra Energy indirectly owns 50.2% of Cameron LNG.