M&A Deal Summary

Sempra Energy LNG Acquires Cameron LNG

On April 23, 2003, Sempra Energy LNG acquired oil/gas exploration company Cameron LNG

Acquisition Highlights
  • This is Sempra Energy LNG’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Sempra Energy LNG’s 2nd transaction in the United States.
  • This is Sempra Energy LNG’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2003-04-23
Target Cameron LNG
Sector Oil/Gas Exploration
Buyer(s) Sempra Energy LNG
Deal Type Add-on Acquisition

Target

Cameron LNG

Hackberry, Louisiana, United States
Cameron LNG, a liquefied natural gas (LNG) terminal near the Gulf of Mexico.

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Buyer(S) 1

Buyer

Sempra Energy LNG

San Diego, California, United States
Category Company
Founded 2003
Sector Energy Services and Equipment
DESCRIPTION

Sempra Energy LNG Corp. a liquefied natural gas (LNG).

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 2 of 2
Country (United States) 2 of 2
Year (2003) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-23 Louisiana Lng Project

Hackberry, Louisiana, United States

LNG is natural gas that has been cooled to below minus 260 degrees Fahrenheit and condensed into a liquid. LNG occupies 600 times less space than its gas form, allowing it to be transported in ships from remote locations to markets where it is needed. At the receiving terminal, LNG is unloaded and stored until it can be returned to a gaseous state and moved via pipeline to customers.

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