Tolling Agreements Signed for Cameron LNG Capacity

Yesterday, GDF SUEZ S.A., Mitsubishi Corporation, and Mitsui & Co., Ltd. announced that they have signed 20-year tolling capacity and joint-venture agreements for development, financing and construction of LNG export facilities at the existing Cameron LNG import terminal in Hackberry, La. The tolling agreements subscribe the full nameplate capacity of the three-train, 13.5 million-tonnes-per-annum (Mtpa) facility that will provide an export capability of 12 Mtpa of LNG, or approximately 1.7 billion cubic feet per day (Bcfd), and the full regasification capacity of 1.5 Bcfd. Each tolling agreement is for 4 Mtpa. The joint-venture agreement calls for affiliates of GDF SUEZ, Mitsubishi (through a related company jointly established with Nippon Yusen Kabushiki Kaisha) and Mitsui each to acquire 16.6-percent equity in the existing facilities and the liquefaction project. A Sempra Energy affiliate will retain 50.2 percent.

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