Sempra

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
PGNiG Inks Another Sempra Deal after Scrapping Texas SPA, Boosts LNG Offtake from Venture Global

PGNiG Inks Another Sempra Deal after Scrapping Texas SPA, Boosts LNG Offtake from Venture Global

Polish Oil and Gas Co., aka PGNiG, has scrapped one deal and signed another with U.S. developer Sempra related to North American liquefied natural gas (LNG) supply.  The memorandum of understanding (MOU) announced Tuesday was signed after PGNiG canceled a previous sale and purchase agreement (SPA) to buy 2 million metric tons/year (mmty) of LNG…

July 27, 2021
BP Delivers its First Carbon Offset LNG to Mexico

BP Delivers its First Carbon Offset LNG to Mexico

Mexico received its first cargo of carbon offset liquefied natural gas (LNG) last week, according to BP plc and Sempra.  Subsidiaries of the firms inked a contract for delivery of the cargo to Sempra’s Energía Costa Azul (ECA) terminal on Mexico’s Pacific Coast. It was expected to arrive last Friday (July 16). Greenhouse gas (GHG)…

July 20, 2021
Sempra, BP Procure Mexico’s First Carbon Offset LNG Cargo

Sempra, BP Procure Mexico’s First Carbon Offset LNG Cargo

Mexico was set to receive its first cargo of carbon offset liquefied natural gas on Friday (July 16), according to a Thursday announcement by BP plc and Sempra.  Subsidiaries of the firms inked a contract for delivery of the cargo to Sempra’s Energía Costa Azul (ECA) terminal on Mexico’s Pacific Coast. Greenhouse gas (GHG) emissions…

July 19, 2021
Sempra Scaling Back Cameron LNG Expansion, Taking Breather on Port Arthur, but Mexico Top Priority

Sempra Scaling Back Cameron LNG Expansion, Taking Breather on Port Arthur, but Mexico Top Priority

Sempra has scaled back plans to expand the Cameron liquefied natural gas (LNG) export facility in Louisiana, citing design innovations and the “high performance” of the existing three-train plant. The expansion originally called for two trains and two new storage tanks, adding 9.97 million metric tons per year (mmty) of capacity. However, Sempra (formerly Sempra…

June 30, 2021
Sempra’s Energia Costa Azul LNG Said ‘Prime Opportunity’ for Rockies Gas Producers

Sempra’s Energia Costa Azul LNG Said ‘Prime Opportunity’ for Rockies Gas Producers

Energy producers and advocates in the Rockies region are looking south of the border for Pacific Coast market options as the outlook for a Western U.S. export facility appears increasingly unlikely. With development of the Jordan Cove liquefied natural gas (LNG) project in Oregon on pause following regulatory setbacks, the Sempra Energy-led Energia Costa Azul…

May 28, 2021
KKR Eyes Infrastructure Growth with Stakes in Sempra’s Gulf Coast, Mexico LNG Projects

KKR Eyes Infrastructure Growth with Stakes in Sempra’s Gulf Coast, Mexico LNG Projects

Global investment firm KKR is buying a stake in a Sempra Energy business unit that manages liquefied natural gas (LNG) projects on the Gulf Coast and in Mexico as it anticipates growth in North American energy infrastructure. Under the terms of the deal announced Monday, KKR will pay  $3.37 billion for a 20% non-controlling interest…

April 5, 2021
Sempra to Unify U.S., Mexican LNG Subsidiaries

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
Cheniere, Sempra LNG Export Licenses Extended to 2050

Cheniere, Sempra LNG Export Licenses Extended to 2050

The U.S. Department of Energy (DOE) on Wednesday extended through 2050 three long-term liquefied natural gas (LNG) export licenses to countries without free-trade agreements (FTA). The extensions were issued for two Cheniere Energy Inc. facilities, Sabine Pass LNG in Louisiana and Corpus Christi LNG in South Texas. Sempra Energy’s proposed Port Arthur LNG terminal east…

October 29, 2020
Sempra Launches Open Season for Port Arthur LNG Pipeline

Sempra Launches Open Season for Port Arthur LNG Pipeline

A Sempra Energy affiliate has launched a binding open season soliciting bids for additional long-term firm transportation service on the Texas Connector Project, which would link the proposed Port Arthur liquefied natural gas (LNG) export facility to various interstate pipelines.  The 34.2 mile-system was approved by the Federal Energy Regulatory Commission last year and its…

September 21, 2020
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