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Cameron LNG Train 1 starts commercial operations

Aug. 19, 2019 5:26 PM ETSempra (SRE) Stock, TTE Stock, MITSF StockSRE, TTE, MITSY, MITSFBy: Carl Surran, SA News Editor
  • Sempra Energy (NYSE:SRE) says the first train of the Cameron LNG liquefaction export project in Louisiana has started commercial operations under Cameron's tolling agreements.
  • SRE says it expects its share of full-year run-rate earnings from the first three trains at Cameron LNG to come in at $400M-$450M/year when all three trains achieve commercial operations under Cameron LNG's tolling agreements.
  • Train 1 is part of Phase 1 of the Cameron LNG liquefaction export project which includes a projected export capacity of 12M metric tons/year of liquefied natural gas, or 1.7B cf/day of natural gas.
  • SRE indirectly owns 50.2% of Cameron LNG, with smaller shares owned by Total (NYSE:TOT), Mitsui (OTCPK:MITSF) and Japan LNG Investment.

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