SAN DIEGO, May 3, 2012 /PRNewswire/ -- Sempra Energy (NYSE: SRE) subsidiary Cameron LNG today announced it has signed a third and final commercial development agreement with a subsidiary of GDF SUEZ S.A. (GSZ.FP) (GDF SUEZ) to develop the remaining liquefaction train planned at the site of the Cameron LNG terminal in Hackberry, La. 

With this agreement of 4 million tonnes per annum (Mtpa) with GDF SUEZ, Cameron LNG has commitments for the full capacity toward the development of the new liquefaction facility that will be comprised of three liquefaction trains with a total export capability of 12 Mtpa of liquefied natural gas (LNG), or approximately 1.7 billion cubic feet (Bcf) per day.  Construction on the project is expected to start in late 2013 with operations to commence in late 2016.

"This agreement with GDF SUEZ completes our efforts to secure world-class project partners and moves us into the next phase of our plan to develop and construct this project at the site of our Cameron LNG facility," said Octavio M. C. Simoes, president of Sempra Energy's LNG operations.

This is the third contract the company has executed for the development of the liquefaction facility.  On April 17, Cameron LNG announced the signing of two commercial development agreements with Mitsubishi Corporation (Mitsubishi) and Mitsui & Co., Ltd. (Mitsui) for the development of 8 Mtpa.

http://sempra.mediaroom.com/index.php?s=19080&item=127918

As noted in the press release Sempra has also initiated the process to obtain FERC authorization for the project.