Tokyo Gas buys Cameron LNG volumes
Japan's Tokyo Gas has agreed to buy 200,000 tonnes per annum of liquefied natural gas from Sempra Energy's planned Cameron LNG export terminal in Hackberry, Louisiana.
Tokyo Gas is buying the volumes from Mitsui, which is handling four million tonnes or a third of the three-train facility’s planned capacity of 12 mtpa and also holds a 16.6% stake in the project.
The agreement is for eight cargoes a year starting in 2020 and running for 20 years.
The Japanese utility said it was gaining more supply stability with the deal, which follows its purchase last year of 1.4 mtpa from Dominion's Cove Point terminal, as well as gaining access to more volumes at Henry Hub prices.
Mitsui has already sold 300,000 tpa from the project to Toho Gas, while compatriot Tohuku Electric Power Company bought 270,000 tpa from the terminal via France's GDF Suez.
The $10 billion export terminal project, which gained export approval from US regulator Ferc last month, is due to see its first train come online in 2017.
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