As the invasion of Ukraine fuels record prices for U.S. liquefied natural gas (LNG), Sempra plans to hold steady on prioritizing long-term contracts and equity partnerships, which management said have become more important during the conflict.

Sempra map

The Sempra Infrastructure Partners subsidiary of the San Diego-based energy company has a hefty list of proposed and sanctioned LNG projects. Almost 40 million metric tons/year (mmty) could be added to capacity from the United States and Mexico within the next decade.

CEO Jeff Martin said the current market dynamics have emphasized how important completing those projects could be for future energy security. Still, there are no shifts to the short-term strategies. Instead, Sempra plans to court European and Asian buyers for long-term...