PARIS (Agefi-Dow Jones)–Energy producer TotalEnergies announced on Monday the signing of a memorandum of understanding for the extension of Cameron LNG’s liquefied natural gas (LNG) production and export terminal. , located in Louisiana.
TotalEnergies, which owns 16.6% of the terminal, signed this agreement with its partners Sempra Infrastructure (50.2%), Mitsui & Co. (16.6%) and Japan LNG Investment (16.6%), specified the group in a press release.
The memorandum of understanding “concerns the construction of a fourth train with a maximum production capacity of 6.75 million tonnes of LNG per year (Mtpa) and the increase of 5% of the capacity to 13.5 Mtpa of the first three trains by debottlenecking”, explained TotalEnergies.
The financial elements of this agreement have not been disclosed.
“Under the agreement, TotalEnergies will remove 16.6% of the production of the fourth train, and 25% of the additional production of the existing trains”, specified the energy producer.
“The Cameron LNG extension remains subject to the signing of definitive agreements, the obtaining of the necessary authorizations, and the final investment decision of the partners expected in 2023”, added TotalEnergies.
-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: LBO
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April 11, 2022 05:22 ET (09:22 GMT)