Cameron LNG Train Three Begins Commercial Operations

Cameron LNG started commercial operations of Train 1 in August 2019 and Train 2 in February 2020. The facility has shipped almost 100 cargoes totaling more than 6 million tonnes of LNG. Sempra noted the commercial operations of Train 3 mark the beginning of full run-rate earnings under Cameron LNG's tolling agreements. The facility is expected to generate nearly $12 billion of after-debt service cash flows for Sempra Energy during the 20-year contract period according to the company statement. 

"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," said Justin Bird, chief executive officer of Sempra LNG.

Cameron LNG is jointly owned by affiliates of Sempra LNG, TOTAL SE, Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha. Sempra Energy indirectly owns 50.2% of Cameron LNG.