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Sempra Energy, GDF SUEZ, Mitsubishi, Mitsui Sign Tolling Capacity, Joint-Venture Agreements For Louisiana Liquefaction Export



      Sempra Energy, GDF SUEZ, Mitsubishi, Mitsui Sign Tolling Capacity,
     Joint-Venture Agreements For Louisiana Liquefaction Export Facility

PR Newswire

SAN DIEGO, May 16, 2013

SAN DIEGO, May 16, 2013 /PRNewswire/ -- Sempra Energy (NYSE: SRE), GDF SUEZ
S.A. (GSZ.FP), Mitsubishi Corporation (TSE 8058; LSE MBC) and Mitsui & Co.,
Ltd. (8031.TYO), today announced that they have signed 20-year tolling
capacity and joint-venture agreements to support the development, financing
and construction of a liquefied natural gas (LNG) export facility at the site
of the Cameron LNG receipt terminal in Hackberry, La. 

The tolling agreements subscribe the full nameplate capacity of the
three-train, 13.5- million-tonnes-per-annum (Mtpa) facility that will provide
an export capability of 12 Mtpa of LNG, or approximately 1.7 billion cubic
feet per day (Bcfd), and the full regasification capacity of 1.5 Bcfd.  Each
tolling agreement is for 4 Mtpa.

The joint-venture agreement calls for affiliates of GDF SUEZ, Mitsubishi
(through a related company jointly established with Nippon Yusen Kabushiki
Kaisha) and Mitsui each to acquire 16.6-percent equity in the existing
facilities and the liquefaction project. A Sempra Energy affiliate will retain
50.2 percent. 

The tolling capacity and the joint-venture agreements are subject to a final
investment decision to proceed by each party, finalization of permit
authorizations, securing financing commitments that are expected to occur by
early 2014, as well as other customary conditions.

"These agreements represent a major step forward in the development of our LNG
export project at the site of the Cameron LNG facility," said Mark A. Snell,
president of Sempra Energy.  "This project, one of the largest in Sempra
Energy's history, provides benefits to the local Louisiana economy, promotes a
favorable balance of trade for the national economy, and supports national and
international energy security by assuring reliable long-term gas supplies to
U.S. allies and trading partners."

The anticipated incremental investment, the majority of which will be
project-financed, is estimated to be approximately $6 billion to $7 billion,
excluding capitalized interest and other financing costs. The total cost of
the facility, including the cost of the existing facilities plus interest
during construction, financing costs and required reserves, is estimated to be
approximately $9 billion to $10 billion.   Construction is expected to start
in 2014 with the first phase of liquefaction operations to commence in the
second half of 2017.  Full commercial operation of all three trains is
expected in 2018.   

"The Cameron LNG project has strong local and regional support, experienced,
world-class commercial partners in GDF SUEZ, Mitsubishi and Mitsui and a track
record of safe and reliable operations," said Octavio M. C. Simoes, president
of Sempra LNG. "We look forward to working with our partners to achieve a
final investment decision and commence construction in early 2014."

"By being a shareholder of the Cameron LNG project, alongside strong and
experienced partners, GDF SUEZ -- one of the world LNG leaders -- will
contribute to the emergence in the U.S. of a new source of LNG," said
Jean-Marie Dauger, executive vice president in charge of the Global Gas & LNG
business line for GDF SUEZ. "The Cameron LNG project will add growth,
diversity and flexibility to the group's LNG portfolio, in order to supply its
existing or future markets in high growth regions."

"By participating in this LNG export project, we are proud to be able to
contribute not only to the development of stable energy trade between the U.S.
and countries around the world, including Japan, but also to the growth of the
U.S. economy," said Jun Nishizawa, vice president of the Global Gas Business
Department for Mitsubishi. "With the experience Mitsubishi has accumulated
from more than a dozen LNG projects over the last half-century, we are
committed to exert all our efforts for the success of this project."

"We are pleased to have the opportunity to participate in a stable source of
energy supply to meet the increasing global demand, including Japan," said
Hirotatsu Fujiwara, general manager of the Natural Gas Division I for Mitsui.
"We are confident that our over 40 years' experience in the LNG industry will
contribute to the success of this project."

Last year, Cameron LNG obtained approval from the U.S. Department of Energy
(DOE) to export up to 12 Mtpa of domestically produced LNG to all current and
future Free Trade Agreement countries; the authorization to export LNG to
countries with which the U.S. does not have a Free Trade Agreement is pending
review by the DOE.  

Cameron LNG initiated the pre-filing process with the Federal Energy
Regulatory Commission (FERC) in April 2012 and filed its permit application
with the FERC Dec. 7, 2012, requesting approval to construct and operate the
project.  On April 4, 2013, the FERC issued a "Notice of Schedule for
Environmental Review of the Cameron Liquefaction Project" that calls for the
final Environmental Impact Statement to be issued in November 2013.  Cameron
LNG is the first LNG export facility application pending before the FERC to
have reached this important milestone in the permitting process and is
expected to receive the FERC authorization in early 2014. 

In January 2013, Cameron LNG initiated a tender process for the engineering,
procurement and construction contract for the project and launched its
financing process with the Japan Bank for International Cooperation, Nippon
Export and Investment Insurance, and commercial banks. Cameron LNG expects to
secure financing commitments for the project by late 2013 or early 2014 and
award the engineering, procurement and construction contract in late 2013.

ABOUT GDF SUEZ
GDF SUEZ develops its businesses (electricity, natural gas, services) around a
model based on responsible growth to take up today's major energy and
environmental challenges: meeting energy needs, ensuring the security of
supply, fighting against climate change and maximizing the use of resources.
The Group provides highly efficient and innovative solutions to individuals,
cities and businesses by relying on diversified gas-supply sources, flexible
and low-emission power generation as well as unique expertise in four key
sectors: liquefied natural gas, energy efficiency services, independent power
production and environmental services. GDF SUEZ employs 219,300 people
worldwide and achieved revenues of €97 billion in 2012. The Group is listed on
the Paris, Brussels and Luxembourg stock exchanges and is represented in the
main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100,
FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Vigeo World 120, Vigeo Europe
120 and Vigeo France 20.

ABOUT MITSUBISHI CORPORATION
Mitsubishi Corporation is a global integrated business enterprise that
develops and operates businesses across virtually every industry including
industrial finance, energy, metals, machinery, chemicals, foods, and
environmental business.  MC's current activities are expanding far beyond its
traditional trading operations as its diverse business ranges from natural
resources development to investment in retail business, infrastructure,
financial products and manufacturing of industrial goods. With over 200
offices & subsidiaries in approximately 90 countries and a network of over 500
group companies, Mitsubishi employs a multinational workforce of nearly 60,000
people.

ABOUT MITSUI & CO. LTD
Mitsui & Co., Ltd. is one of the most diversified and comprehensive trading,
investment and service enterprises in the world, with 150 offices in 67
countries as of May, 2013. Utilizing the global operating locations, network
and information resources, Mitsui is multilaterally pursuing business that
ranges from product sales, worldwide logistics and financing, through to the
development of major international infrastructure and other projects in the
following fields, Iron & Steel Products, Mineral & Metal Resources,
Infrastructure Projects, Motor Vehicles & Construction Machinery, Marine &
Aerospace, Chemicals, Energy, Food Resources, Food Products & Services,
Consumer Services, IT, Financial & New Business and Transportation Logistics.
Mitsui is actively taking on challenges for global business innovation around
the world.

ABOUT NIPPON YUSEN KABUSHIKI KAISHA
Nippon Yusen Kabushiki Kaisha is one of the world's leading transportation
companies. At the end of March 2013, the NYK Group was operating 846 major
ocean vessels, as well as fleets of planes, trains, and trucks. The company's
shipping fleet includes 389 bulk carriers, 126 containerships (including
semi-containerships), 120 car carriers, 82 tankers, 51 wood-chip carriers, 28
LNG carriers, 18 heavy-load carriers or conventional ships, three cruise
ships, and 29 other ships. NYK's revenue in fiscal 2012 was about $23 billion,
and as a group NYK employs about 55,000 people worldwide. NYK is based in
Tokyo and has regional headquarters in London, New York, Singapore, Hong Kong,
Shanghai, Sydney, and Sao Paulo.

ABOUT SEMPRA ENERGY
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding
company with 2012 revenues of approximately $10 billion.  The Sempra Energy
companies' nearly 17,000 employees serve more than 31 million consumers
worldwide.

This press release contains statements that are not historical fact and
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.  These statements can be identified
by words like "believes," "expects," "anticipates," "intends," "plans,"
"forecasts," "estimates," "may," "will," "would," "could," "should,"
"potential," "target," "outlook," "depends," "pursue" or similar expressions,
or discussions of guidance, strategies, plans, goals, initiatives, objectives
or intentions.  Forward-looking statements are not guarantees of performance. 
They involve risks, uncertainties and assumptions.  Future results may differ
materially from those expressed in the forward-looking statements. 
Forward-looking statements are necessarily based upon various assumptions
involving judgments with respect to the future and other risks, including,
among others: local, regional, national and international economic,
competitive, political, legislative and regulatory conditions and
developments; actions and the timing of actions by the California Public
Utilities Commission, California State Legislature, Federal Energy Regulatory
Commission, U.S. Department of Energy, Nuclear Regulatory Commission,
California Energy Commission, California Air Resources Board, and other
regulatory, governmental and environmental bodies in the United States and
other countries where the company does business; capital market conditions,
including the availability of credit and the liquidity of investments;
inflation, interest and exchange rates; the impact of benchmark interest
rates, generally Moody's A-rated utility bond yields, on the California
utilities' cost of capital; the timing and success of business development
efforts and construction, maintenance and capital projects, including risks
inherent in the ability to obtain, and the timing of the granting of, permits,
licenses, certificates and other authorizations; energy markets, including the
timing and extent of changes and volatility in commodity prices; the
availability of electric power, natural gas and liquefied natural gas,
including disruptions caused by failures in the North American transmission
grid, pipeline explosions and equipment failures; weather conditions, natural
disasters, catastrophic accidents, and conservation efforts; risks inherent in
nuclear power generation and radioactive materials storage, including
catastrophic release of such materials, the disallowance of the recovery of
the investment in, or operating costs of, the generation facility due to an
extended outage, and increased regulatory oversight; risks posed by decisions
and actions of third parties who control the operations of investments in
which the company does not have a controlling interest; wars, terrorist
attacks and cyber security threats; business, regulatory, environmental and
legal decisions and requirements; expropriation of assets by foreign
governments and title and other property disputes; the impact on reliability
of SDG&E's electric transmission and distribution system due to increased
power supply from renewable energy sources; the impact on competitive customer
rates of the growth in distributed and local power generation and the
corresponding decrease in demand for power delivered through our electric
transmission and distribution system; the inability or determination not to
enter into long-term supply and sales agreements or long-term firm capacity
agreements; the resolution of litigation; and other uncertainties, all of
which are difficult to predict and many of which are beyond the control of the
company.  These risks and uncertainties are further discussed in the reports
that Sempra Energy has filed with the Securities and Exchange Commission. 
These reports are available through the EDGAR system free-of-charge on the
SEC's website, www.sec.gov, and on the company's website at www.sempra.com.

These forward-looking statements speak only as of the date hereof, and the
company undertakes no obligation to update or revise these forecasts or
projections or other forward-looking statements, whether as a result of new
information, future events or otherwise.

Sempra International, LLC, and Sempra U.S. Gas & Power, LLC, are not the same
companies as San Diego Gas & Electric (SDG&E) or Southern California Gas
Company (SoCalGas) and Sempra International, LLC and Sempra U.S. Gas & Power,
LLC are not regulated by the California Public Utilities Commission. Sempra
International's underlying entities include Sempra Mexico and Sempra South
American Utilities. Sempra U.S. Gas & Power's underlying entities include
Sempra Renewables and Sempra Natural Gas.

(Logo: http://photos.prnewswire.com/prnh/20110108/SEMPRAENERGYLOGO)

SOURCE Sempra Energy

Website: http://www.sempra.com
Contact: Media, Art Larson/Paty Ortega Mitchell, Sempra Energy, (877)
340-8875, www.sempra.com, www.sempralng.com, www.cameronlng.com; or Financial,
Victor Vilaplana, Sempra Energy, (877) 736-7727, investor@sempra.com
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