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Sempra Energy said that the Cameron Liquefaction Project sponsors, Sempra LNG, GDF SUEZ SA, Mitsui & Co., Ltd., and Mitsubishi Corporation, through a related company jointly established with Nippon Yusen Kabushiki Kaisha, have approved a final investment decision for the development, construction and operation of the natural gas liquefaction and export project planned at the site of Sempra Energy’s Cameron LNG receipt terminal in Hackberry, La. The total project cost is estimated at about $10 billion, including contribution of the existing Cameron LNG facilities, construction of new facilities and financing costs. The project’s financing commitments total $7.4 billion, and will be provided by the Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), and a group of 29 commercial banks.

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