Sempra determined to take FID on Costa Azul LNG this year

Though all major liquefaction projects have been deferred to 2021 and beyond, Sempra Energy is pressing ahead with its Costa Azul project at Mexico’s Pacific Coast. The US developer said it is “optimistic” to receive a government export authorisation and take FID “this year”. Rival developers have delayed projects due to the pandemic and implemented radical cost-cutting measures of nearly $55 billion combined. – Markets Editor Anja Karl investigates.

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