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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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,…
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…
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.
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.
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.
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.
Mexico’s plan to createstrategic inventories of natural gas could generate investment opportunities of up to $2 billion, according to Infraestructura Energetica Nova (IEnova).
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.