The LNG liquefaction and export business has been agreed by joint venture comprising Japan LNG Investment, Sempra Energy, GDF SUEZ and Mitsu & Co.
Japan LNG is a joint venture between Nippon Yusen Kaisha (NYK) and Mitsubishi Corp.
The project will involve the construction of LNG liquefaction and export facilities at the existing LNG terminals held by CLNG. The terminal is expected to have 12m tonnes of annual export capacity from 2018.
Total investment in the project is expected to be around $10bn and a financing agreement of about $7.4bn has been agreed with Japan Bank of International Cooperation and undisclosed private banks.
“Participation in this project will allow NYK to expand its presence in the entire value chain of an energy project and thus grow its potential to partner in new business opportunities such as this in the future,” NYK said in a statement.
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