Total closes participation in Energía Costa Azul LNG export project

Total, Sempra LNG and IEnova have signed binding agreements finalising Total’s equity investment in the Energía Costa Azul LNG export project (ECA LNG), located in Baja California, Mexico.

Total now holds a 16.6% equity share of the project, which will see the development, construction and operation of a single-train liquefaction facility with a nameplate capacity of 3.25mn t/y of LNG and an expected start-up in 2024. Total has a 20-year offtake agreement for 1.7mn t/y of LNG.

Commenting on the news, Philippe Sauquet, President Gas, Renewables & Power at Total, says: ‘This investment is in line with our strategy to grow our LNG integrated portfolio across the entire gas value chain, which is key to meeting a growing global demand for energy while decreasing the carbon intensity of the products sold to our customers.’

ECA LNG is owned by Sempra LNG (41.7%), IEnova, Sempra Energy's subsidiary in Mexico (41.7%), and Total (16.6%).