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Energy

Japan-backed LNG plant in US fully opens with 50% capacity boost

Mitsui and Mitsubishi venture can supply 5% of Japanese imports

U.S. President Donald Trump speaks with managers and executives during a May 2019 visit to the Cameron LNG export facility in Hackberry, Louisiana.   © Reuters

TOKYO -- A joint venture involving Japanese trading houses Mitsui & Co. and Mitsubishi Corp. on Monday opened the third and final unit of an American plant to produce liquefied natural gas, in a milestone for Japan's energy supply.

The completed plant in the state of Louisiana will raise U.S.-based Cameron LNG's annual capacity by about 50% to 12 million tons, of which around 4 million tons is for export to Japan. This equates to roughly 5% of Japan's total LNG imports.

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