LNG

Infraestructura Energética Nova (IEnova), the Sempra Energy subsidiary in Mexico with plans for LNG production and whose assets include stakes in four major Mexican natural gas pipelines, has successfully completed an international offering to raise US$800 million, underpinning confidence in the North American gas sector.

IEnova, the Mexican subsidiary of California-based utility Sempra Energy and developer of the Costa Azul LNG export terminal on the Pacific Coast of Mexico, said third-quarter earnings declined, though it expected future profits from the commercial start-up of the new natural gas pipeline from Texas to Mexico.