Sempra, partners seek up to $5B in bank loans for LNG project

|About: Sempra Energy (SRE)|By:, SA News Editor

Sempra Energy (SRE) and its partners are seeking as much as $5B in loans from commercial banks for their Cameron LNG project, Bloomberg reports.

The planned $10B terminal in Louisiana is among four projects that have gained approval from the Department of Energy to export liquefied natural gas to countries with which the U.S. doesn’t have free-trade agreements.

SRE holds 50.2% of the project while GDF Suez (GDFZY, GDSZF) and Mitsui (MITSY, MITSF) own 16.6% each and a venture between Mitsubishi and Nippon Yusen has 16.6%.