Reuters Energy infrastructure company Sempra Energy said on Monday it would sell a 20% stake in its new business platform, Sempra Infrastructure Partners, to investment firm KKR for $3.37 billion in cash. The sale was flagged by Sempra in December and comes as the company sharpens its focus on renewables and energy storage to capitalize on the growing global demand
Reuters MEXICO CITY – U.S.-based Sempra Energy will be granted an export permit for a liquefied natural gas facility in northwest Mexico if the company helps address excess supply in the area, Mexican President Andres Manuel Lopez Obrador said on Friday. San Diego-based Sempra had previously signaled its Mexican unit, IEnova, was close to obtaining the permit for the LNG
Houston Chronicle A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance. Prices for the heating and power-plant fuel may collapse in Europe and Asia next year to levels that would force U.S. liquefied natural gas suppliers to curb output, Citigroup
Houston Chronicle San Diego utility company Sempra Energy and Japanese industrial conglomerate Mitsui & Co. have entered into a memorandum of understanding to expand a liquefied natural gas export terminal in Louisiana and another in Baja California. The two companies are part of a consortium building three liquefied natural gas production units during the first phase of development at the
Sempra Energy announces agreement to sell Chilquinta Energía in Chile. Transaction completes sale of equity interests in South American businesses. Sempra Energy (NYSE:SRE) today announced that it has entered into an agreement to sell its equity interests in its Chilean businesses, including its 100% stake in Chilquinta Energía S.A. (Chilquinta Energía), to State Grid International Development Limited (SGID). Sempra Energy’s interests will
From Reuters Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion. The deal announced by President Andres Manuel Lopez Obrador and the head of state-run power utility the Federal Electricity Commission (CFE) at a news conference will
From Reuters Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution. “It’s going well, that business,” Lopez Obrador told reporters at his regular morning news conference after the latest round of talks with companies
By Tyler Losier, Energy Reporter, Oil & Gas 360 Train 1 of Sempra’s Cameron LNG project commences commercial operations Sempra LNG, a subsidiary of San Diego-based Sempra Energy (stock ticker: SRE), has begun commercial operations under tolling agreements at Train 1 of its Cameron LNG liquefaction-export project in Hackberry, Louisiana. Previously, Sempra’s Cameron LNG facility had shipped its first commissioning
From Bloomberg Sabine Pass, Cameron terminals may be in Barry’s path, U.S. natural gas exports have soared amid shale boom Tropical Storm Barry is highlighting the risks that Gulf of Mexico storms pose to America’s newly expanded liquefied natural gas export capacity. Cheniere Energy Inc.’s Sabine Pass export terminal and Sempra Energy’s just-built Cameron facility are potentially in the path
By Tyler Losier, Energy Reporter, Oil & Gas 360 Sempra names Brian L. Kelly VP of federal government affairs Sempra Energy (stock ticker: SRE), an energy infrastructure company with an increasingly prevalent foothold in the LNG business, has appointed Brian L. Kelly as its new vice president of federal government affairs. Kelly will be based in Washington D.C. and will
Sempra Energy Media Statement On Cameron LNG Agreement With McDermott And Chiyoda
By Tyler Losier, Energy Reporter, Oil & Gas 360 FERC authorization expected in mid-2019 Cameron LNG, owned in part by Sempra Energy (stock ticker: SRE) subsidiary Sempra LNG, has shipped its first commissioning cargo of liquefied natural gas from its project site in Hackberry, La. “This brings Cameron LNG, one of Sempra’s five strategically located LNG infrastructure projects, one step
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