Scotland

Although several companies hope one day to export liquefied natural gas (LNG) from export facilities in North America, analysts at Scotland’s energy analyst group Wood Mackenzie warn that the prospects for many domestic exports are far from certain.

San Diego-based Sempra Energy and the Royal Bank of Scotland (RBS) last Thursday said they have sold “most” of the remaining assets in their joint venture trading operation, RBS Sempra Commodities, to JP Morgan Ventures Energy Corp., a unit of JP Morgan Chase & Co. The sale price is approximately $220 million, the partners said.

San Diego-based Sempra Energy and the Royal Bank of Scotland (RBS) on Thursday said they have sold “most” of the remaining assets in their joint venture trading operation, RBS Sempra Commodities, to JP Morgan Ventures Energy Corp., a unit of JP Morgan Chase & Co. The sale price is approximately $220 million, the partners said.

San Diego-based Sempra Energy and the Royal Bank of Scotland (RBS) on Thursday said RBS Sempra Commodities, their joint venture trading unit, had completed its previously announced $1.6 billion sale of select operations to J.P. Morgan, the investment banking arm of JPMorgan Chase & Co. It includes the joint venture’s European and Asian operations.

San Diego-based Sempra Energy and the Royal Bank of Scotland (RBS) on Thursday said RBS Sempra Commodities, their joint venture trading unit, had completed its previously announced $1.6 billion sale of select operations to J.P. Morgan, the investment banking arm of JPMorgan Chase & Co. It includes the joint venture’s European and Asian operations.

Sempra Energy’s once-lucrative joint venture commodities business with the Royal Bank of Scotland, RBS Sempra Commodities, should be dissolved by the end of August, CEO Donald Felsinger said Tuesday while the company reported greatly reduced earnings for the first quarter. The exit from trading and a one-time earnings hit from a settlement with California state entities contributed to the earnings decline.

San Diego-based Sempra Energy is thought to be negotiating with the Royal Bank of Scotland (RBS) to buy back RBS’s 51% interest in the two firms’ joint venture trading unit, RBS Sempra Commodities. Two sources in the financial and energy trading space told NGI Thursday that this would make sense for the U.S. energy holding company if it can get the right price.

San Diego-based Sempra Energy is thought to be negotiating with the Royal Bank of Scotland (RBS) to buy back RBS’s 51% interest in the two firms’ joint venture trading unit, RBS Sempra Commodities. Two sources in the financial and energy trading space told NGI Thursday that this would make sense for the U.S. energy holding company if it can get the right price.

San Diego-based Sempra Energy is thought to be negotiating with the Royal Bank of Scotland (RBS) to buy back RBS’s 51% interest in the two firms’ joint venture trading unit, RBS Sempra Commodities. Two sources in the financial and energy trading space told NGI Thursday that this would make sense for the U.S. energy holding company if it can get the right price.