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  • North America
  • Latin America &
    the Caribbean
  • Europe
  • Africa
  • Middle East
  • Central Asia
  • East Asia
  • Asia & Oceania

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Mitsubishi Corporation

Press Room

August 11, 2020
Mitsubishi Corporation

Commercial Operations Commence at Cameron LNG

Mitsubishi Corporation (MC) is pleased to announce that on August 10 local time, commercial production of liquefied natural gas (LNG) officially commenced from the third and final liquefaction train of the Cameron LNG Project in Louisiana. Each of the project’s three lines has an annual production capacity of four million tons. With the first two already in operation, the launch of the third will boost output to 12 million tons of LNG per year. MC is involved in the project through Japan LNG Investment LLC (JLI), a joint venture with Nippon Yusen Kabushiki Kaisha.

JLI owns a 16.6% interest in the project, which is run by Cameron LNG, LLC (CLNG). MC is both engaged in the project’s management through JLI and owns the rights to approximately four million tons of its production, the equivalent output of one liquefaction train. MC also sources natural gas as feed gas for the project via CIMA Energy, LP, its wholly owned, gas marketing company based in the US. Liquefaction of the feed gas is contracted to CLNG through a tolling agreement. The LNG that MC owns the rights to is sold in Japan and around the world, primarily through long-term contracts with Diamond Gas International Pte. Ltd., MC’s wholly owned LNG sales company based in Singapore.
 
The Cameron LNG Project is a new value-chain-type business model for MC, one that is less susceptible to oil and gas price volatility. The US boasts a highly liquid natural gas market thanks to its abundant production capacity, reserves and pipeline network. By sourcing LNG from this market, MC aims to ensure long-term supply stability for its customers.
 
[Project Scheme]
[Location of Cameron LNG]
[Cameron LNG Plant]
[Company Outlines]
Cameron LNG, LLC
(Date Established)2001
(Headquarters)Houston, Texas, US
(Representative)Farhad Ahrabi, CEO
(Business Activities)Operation of the Cameron LNG terminal
Sempra Energy
(Date Established)1998
(Headquarters)San Diego, California, US
(Representative)Jeffrey W. Martin, Chairman and CEO
(Business Activities) An energy infrastructure and services company engaged in LNG projects and gas and power distribution in the US and Mexico.
Total S.A.
(Date Established)1924
(Headquarters)Courbevoie, France
(Representative) Patrick Pouyanné, Chairman and Chief Executive Officer
(Business Activities) A global energy player that develops, produces and supplies oil, natural gas and renewable energy.
Mitsui & Co., Ltd.
(Date Established)July 25, 1947
(Headquarters) 2-1, Otemachi 1-chome, Chiyoda-ku, Tokyo
(Representative) Tatsuo Yasunaga, President and Chief Executive Officer
(Business Activities) A developer of diverse businesses in seven operating segments, including Mineral & Metal Resources, Machinery & Infrastructure, Chemicals, Energy, Living, and Innovation & Corporate Development.
Nippon Yusen Kabushiki Kaisha
(Date Established)September 29, 1885
(Headquarters) 3-2, Marunouchi 2 Chome, Chiyoda-Ku, Tokyo
(Representative) Hitoshi Nagasawa, President
(Business Activities) Global Logistics (Liner Trade, Air Cargo Transportation, and Logistics), Bulk Shipping, and Others (Real Estate and Other)
Mitsubishi Corporation
(Date Established) July 1, 1954
(Headquarters) 3-1, 2-Chome, Chiyoda-ku, Tokyo
(Representative) Takehiko Kakiuchi, President and Chief Executive Officer
(Business Activities)A global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development.

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Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
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