Sempra Energy said on April 4 its LNG unit has entered into an agreement with affiliates of TotalEnergies, Mitsui & Co. and Japan LNG Investment LLC to increase the capacity of its Cameron LNG Phase 2 export project in Hackberry, Louisiana.
U.S. LNG exporters are stepping up their production capacities as Europe looks for alternative energy sources following sanctions on Moscow after Russia invaded Ukraine in February.
The Biden administration said last month it will supply 15 Bcm of LNG to the EU this year.
San Diego-based energy company Sempra said the Heads of Agreement, a preliminary non-binding arrangement, provides a commercial framework to expand the Cameron facility by adding a fourth LNG train.
The proposed Phase 2 project is expected to include a single LNG train with a maximum production capacity of 6.75 million tonnes per annum and removal of bottlenecks for the existing three LNG trains.
Japan LNG Investment is jointly owned by Mitsubishi Corp. and Nippon Yusen Kabushiki Kaisha.
Recommended Reading
Delek Logistics Offering Senior Notes to Pay Off Debt
2024-08-15 - Delek Logistics Partners and its subsidiary plan to use the net proceeds from the senior notes offering to pay off a portion of the outstanding borrowings from its credit facility.
CrownRock Offloads Oxy Shares Two Weeks After Closing $12B Deal
2024-08-15 - Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses.
SPATCO Energy Exits RF Investment Fund
2024-08-15 - RF investment Partners said it invested in SPATCO Energy Solution’s $230 million continuation fund, which was led by Kian Capital Partners and Apogem Capital.
Winded: Ørsted Books More Impairments, Delays US Offshore Project
2024-08-15 - Danish offshore wind developer Ørsted booked about $574 million in impairments and scrapped a green fuels project in Europe.
Mexico Energy Forum: Election Impacts on US-Mexico Energy Trade
2024-08-15 - Mexico Energy Forum President Roberto Salinas León shared his thoughts with Oil and Gas Investor on a number of themes related to recent elections in Mexico.