Kepco Inks Cameron LNG Deal

Kansai Electric Power (Kepco) said it had signed a contract with Mitsui to buy 400,000 tonnes of LNG per annum from Sempra Energy’s Cameron liquefaction project in Louisiana, USA.

Kepco will purchase the LNG for 20 years at U.S. Henry Hub-linked prices, the company said in a statement.

The Cameron liquefaction project will use Cameron LNG’s existing facilities, including two marine berths capable of accommodating Q-Flex sized LNG ships, three LNG storage tanks with a combined storage capacity of 480,000 cubic meters, and vaporization capability for regasification services of 1.5 billion cubic feet (Bcf) per day.

The completed liquefaction facility will be comprised of three liquefaction trains capable of exporting up to 12 million tonnes per annum (Mtpa).

Construction on the project is planned to start in 2014 with the first LNG production in 2017, and full commercial operation in 2019.

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LNG World News Staff, April 1, 2014; Image: Cameron LNG