Sempra Energy has entered into a memorandum of understanding (MOU) with Mitsui & Co., reflecting the parties’ preliminary agreement for Mitsui’s participation in the Cameron LNG Phase 2 project in Louisiana, and a future expansion of the Energía Costa Azul (ECA) LNG project in Baja California, Mexico.
“This agreement signals continued momentum in the growing U.S. liquefied natural gas [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,” said Justin Bird, president of Sempra LNG.
The MOU is nonbinding and contemplates 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 approximately 1 million tonnes per annum (Mtpa) of LNG and equity participation in a future expansion
