Total has acquired a 16.6% stake in a liquefied natural gas (LNG) project in northern Mexico undertaken by U.S. firm Sempra Energy and its local unit Infraestructura Energetica Nova. $2 billion Energia Costa Azul (ECA) LNG facility by the port of Ensenada is one of the biggest energy infrastructure projects under development in Mexico. Total will take its equity stake in phase 1 of ECA LNG. Sempra LNG and IEnova will each hold 41.7% ownership
CA LNG phase 1 is being built at an existing IEnova regasification facility. Total’s equity acquisition does not include an equity interest in the regasification plant. Sempra recently obtained an export permit from the government for the facility. Earlier this year, Total signed a 20-year sale and purchase agreement for around 1.7 million tonnes of LNG a year from the export facility.