Before its interim period before long-term contracts kick in, Sempra Energy is looking for spot market liquefied natural gas (LNG) shipments to line up following the completion of some test shipments that are due in the second quarter on the West Coast, Sempra CEO Donald Felsinger told financial analysts on an earnings call last week.
Subprime
Articles from Subprime
2 California Muni Finance Arms OK, 3rd Takes Credit Hit, S&P Says
With a giant public-sector bond-backing firm, MBIA Insurance Corp., dodging a potential credit downgrade tied to the subprime mortgage meltdown, two California public power financing arms could breathe a little easier concerning $1.4 billion of bonds for pre-pay long-term natural gas purchases they helped finance last year. However, a third a third muni gas pre-pay deal by the City of Long Beach Bond Finance Authority was hit with a downgrade Wednesday.
February 28, 2008
Credit Crunch, Hurricane Activity Seen Driving Gas Prices in Short Term
Hurricane activity and the credit crunch caused by subprime mortgages are likely to dominate both oil and natural gas pricing in the next two months, according to a new report by a Winchester, MA-based energy research firm.
August 23, 2007
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