Sempra earnings rise as LNG projects advance on Gulf Coast and in Mexico amid $40Bln spending plan
Sempra, the US utility whose LNG unit Sempra Infrastructure owns Cameron LNG in Louisiana and other projects in Texas and Mexico, has reported higher earnings in the first quarter as it proposed a five-year capital expenditure plan amounting to $40 billion.
Sempra expects to ship first Cameron Train 2 LNG cargo soon and sign Mexican EPC contract
Sempra Energy, the California-based utility and owner of the Cameron LNG plant in Louisiana and with two other export facilities under development, reported full-year earnings of $2.1 billion and progress on all three ventures.
Clean Energy Fuels of US posts rise in supplies to natural gas vehicles amid fall in revenues
Clean Energy Fuels Corp., the California-based leader in natural gas-fuel supply including liquefied natural gas, reported a 6.8 percent surge in its sales to 351.4 million gallons, though the absence of a federal alternative fuels tax credit (AFTC) in 2017 led to a drop in revenue.
Sempra Energy still plans to transform Mexican terminal for exports like US Cameron LNG
Sempra Energy, the California-based utility transforming the US Cameron LNG terminal in Louisiana into an export plant, is still planning a Mexican LNG export venture with national Petroleos Mexicano (Pemex) first studied three years ago.
Clean Energy Fuels names Stephen Scully as Chairman amid optimism on US LNG growth
Clean Energy Fuels Corp., the California-based LNG and gas fuel supplier underpin by an expanding network of natural gas stations on the US West Coast and in the East, has appointed Stephen Scully as its Chairman.
Australians keep faith with US Sacramento Gas Basin in California and see LNG potential
Australian exploration and production company Sacgasco has seen its shares rise by as much as 80 percent since it issued a report on a gas project in the Sacramento Basin of the US state of California suggesting the well could be coming on stream soon and that the area could support LNG exports.
California gas targeted
March 1 (LNGJ) – The US state of California has no LNG projects and now several Australian exploration and production companies are targeting the state’s onshore natural gas. Sacgasco Ltd and Xstate Resources have agreed to assign part of their licence in California to a third Australian company, Bombora Natural Energy, for the Alvares conventional gas prospect located in the onshore Sacramento Basin. The Sacramento Basin field has estimated resources of 2.4 trillion cubic feet of natural gas. “The original 1982 well was drilled for oil and encountered high gas shows over a 1,500 metres interval of conventional reservoirs,” said Gary Jeffery, Managing Director of Sacgasco. “We welcome Bombora to the Alvares joint venture and appreciate the confidence this farm-out shows in Sacgasco’s interpreted potential of the under‐explored parts of the Sacramento Basin,” he added.
