American energy company, Sempra Energy, has announced that it has commenced commercial operations at its Cameron liquefied natural gas (LNG) terminal in Louisiana, according to a press release.
Justin Bird, chief executive officer of Sempra LNG, said, “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.”
The facility will have the capacity to export 12 million tonnes per annum, and so far has shipped 100 LNG cargoes from Train 1 and 2, each carrying in excess of 6 million tonnes. The facility is expected to generate nearly $12 billion of after-debt service cash flows for Sempra Energy during the entirety of its 20-year contract.
Cameron LNG is jointly owned by affiliates of Sempra LNG, TOTAL SE, Mitsui & Co., Ltd., and Japan LNG Investment, LLC. Sempra Energy indirectly owns 50.2% of Cameron LNG.