Project Financing for Cameron LNG Project
Contributing to securing stable supply and diversifying supply sources of energy resources to Japan

  • Area: North America
  • Energy and Natural Resources
  • [Project Finance]

JBIC signed a loan agreement in project financing with Cameron LNG, LLC (Cameron), a U.S. company. The loan will finance Cameron's new construction of a liquefaction plant in the U.S. state of Louisiana, and production of LNG from shale gas and conventional gas produced in the U.S. Cameron is invested by Mitsui & Co., Ltd. (Mitsui), Mitsubishi Corporation (MC), Nippon Yusen Kabushiki Kaisha, Sempra Energy, a U.S. company, and ENGIE S.A. (ENGIE, known as GDF SUEZ prior to April 2015), a French company. Mitsui, MC and ENGIE, upon obtaining the liquefaction plant use rights as LNG tollers will sell LNG to Japanese utility companies and others. This is the first project to export LNG to Japan based on a long-term contract using the pricing formula linked to the U.S. gas market index. Thus, the project contributes to the promotion of diversifying LNG procurement sources and the pricing formula.
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