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Total takes stake in ECA LNG

December 9, 2020

Total takes stake in ECA LNG

Total has acquired 16.6% of the ECA LNG Phase 1 project, a joint venture owned previously by Sempra LNG and IEnova, which remain with 41.7% stake each according to the new agreement. This equity acquisition in the brownfield export project, where Total is also an offtaker, does not include an equity interest in the ECA LNG’s regasification facility. Earlier this year Total and Mitsui & Co., Ltd. have signed 20 year SPAs for 1.7 Mtpa and 0.8 Mtpa respectively of initial LNG offtake from the ECA LNG Phase 1.

Edited from Sempra press release