California-based Sempra Energy continues to bet on Mexico even given regulatory changes that could impact the private sector’s operations in the country. “Our goal is to help Mexico be successful,” CEO Jeffrey Martin said in a fourth quarter earnings call. “They need more foreign direct investment. They have a deficit in their infrastructure.” The administration…
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Articles from Ienova
Sempra to Unify U.S., Mexican LNG Subsidiaries
Sempra Energy on Wednesday unveiled a plan to unify its U.S. and Mexico subsidiaries that own liquefied natural gas (LNG) assets. The move to combine Sempra LNG and Mexican firm Infraestructura Energética Nova (IEnova) comes after the San Diego-based operator last month funded construction of the $2 billion Energia Costa Azul (ECA) LNG export terminal,…
December 2, 2020
IEnova ‘Confident’ in ECA LNG Project Progress Despite Coronavirus Challenges
The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California is still waiting on an export approval, Infraestructura Energética Nova (IEnova) executives said Thursday. During a second quarter earnings call, the commitment to the project was reiterated, but there was no fixed date set for when the company expected the export permit…
July 24, 2020
Energia Costa Azul LNG Project Inks Three Supply Deals for Phase 1 Capacity
Sempra Energy subsidiaries have clinched heads of agreements (HOA) with Total SA, Mitsui & Co. Ltd. and Tokyo Gas Co. Ltd. to take capacity from Phase 1 of the proposed Energia Costa Azul (ECA) natural gas export project in Baja California, Mexico.
November 12, 2018
IEnova’s Costa Azul LNG Export Project Moves Forward; Final Decision 2H2019
Chances for Sempra Energy’s management team for Mexico unit Infraestructura Energetica, better known as IEnova, to move forward on a long talked about liquefied natural gas (LNG) export project in the country are “much higher” than they were three months ago, Chairman Carlos Ruíz Sacristán told analysts during a third quarter earnings call on Thursday.
October 30, 2018
People — Sempra Promotions
San Diego-based Sempra Energy has named Carlos Ruiz Sacristan, 68, as CEO of a newly formed North American infrastructure business. He has run Sempra’s Infraestructura Energetica Nova SAB de CV (IEnova) since 2012. The North American business will include Mexico-based IEnova, Sempra LNG & Midstream and all other liquefied natural gas (LNG) development and marketing activities. Tania Ortiz Mena, 48, was named IEnova CEO as of Sept. 1.
August 3, 2018
IEnova Banks on Fuel Storage Growth to Serve Mexico
The liquid fuels storage business has emerged as a primary growth engine for Infraestructura Energética Nova (IEnova) as global refiners seek to offload their products to a hungry Mexican market.
July 31, 2018
Fuel Storage Central to IEnova Growth Plans
The liquid fuels storage business has emerged as a primary growth engine for Infraestructura Energética Nova (IEnova) as global refiners seek to offload their products to a hungry Mexican market.
July 27, 2018
Mexico’s Strategic Gas Storage Initiative Puts IEnova in Position to Capitalize
Mexico’s plan to createstrategic inventories of natural gas could generate investment opportunities of up to $2 billion, according to Infraestructura Energetica Nova (IEnova).
April 30, 2018
Costa Azul Liquefaction Project on Mexico’s West Coast Still in IEnova’s Plans
Infraestructura Energetica Nova (IEnova) is moving ahead with a project to convert its Energia Costa Azul liquefied natural gas (LNG) import terminal in Mexico to a liquefaction facility for exports to Pacific markets.
February 23, 2018
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