The Cameron LNG Project (the “Project”) — in which NYK participates through Japan LNG Investments LLC (JLI), an NYK–Mitsubishi Corporation (MC) joint venture — has commenced production of liquefied natural gas (LNG), and the first shipment of LNG from the Project will take place in the coming weeks.

The Project is operated by Cameron LNG LLC, whose partners and shareholders include Sempra Energy (50.2%), Total (16.6%), Mitsui & Co. Ltd. (16.6%), and JLI (16.6%). Please see the schematic diagram below.

The Project will produce 12 million tons of LNG per annum through three liquefaction trains. This first batch of LNG was produced by the first liquefaction train. The second and third trains are currently under construction. NYK will also provide some of the LNG transport required by the Project’s customers.

In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” NYK is becoming more involved in various parts of the LNG value chain. Through its participation in this Project, NYK will obtain a deeper knowledge of overall LNG business activities, which will create new business opportunities and allow the company to continue to secure stable-freight-rate business.