Business / Corporate

LNG production begins in U.S. project financed by Mitsui, Mitsubishi and others

JIJI

Production of liquefied natural gas began Tuesday at U.S. facilities under a project financed by investment from major Japanese trading houses Mitsui & Co. and Mitsubishi Corp.

Visiting the facilities in the southern state of Louisiana the same day, U.S. President Donald Trump stressed his administration’s plan to expand energy exports.

For its part, Japan is increasing imports of U.S.-made LNG as part of its policy of diversifying resource suppliers.

Production started at some facilities for the Cameron LNG project, which will have a total liquefaction capacity of 12 million tons a year.

Mitsui and Mitsubishi will each receive one-third of the LNG produced there for sale mainly in Japan.

In the United States, production of natural gas and crude oil has been surging in recent years in line with the so-called shale revolution. Underscoring the accomplishments of his administration, Trump said the expansion of energy exports has helped create jobs and reduce U.S. trade deficits.