LNG

Williams Companies, a leading US natural gas pipelines operator with projects aimed at boosting feed-gas supplies for Gulf Coast LNG export plants, successfully closed two strategic transactions that now position the company as the third-largest gatherer in the Denver-Julesburg Basin.

Sempra, the US utility company with power and natural gas services centred on California and Texas and LNG developments in the US and Mexico through the Sempra Infrastructure subsidiary, posted solid third-quarter earnings and said it expected to increase capital investment by up to 20 percent above the current $40 billion over the next five years.

Williams Companies, a leading US natural gas pipelines operator, reported strong third-quarter results and a 10 percent increase in net profits as projects progressed including the provision of feed-gas to Gulf Coast LNG export plants.

Pembina Pipeline Corp., the Canadian pipelines company and joint owner of the Cedar floating liquefied natural gas project, has issued a business update for 2023, including the sale of the company’s interest in Pembina Gas Infrastructure's Key Access Pipeline System.

Pembina Pipeline Corp., the Canadian pipelines company and joint owner of the Cedar floating liquefied natural gas project, has entered into definitive agreements valued at around US$9 billion with US investment giant Kohlberg Kravis Roberts (KKR) to combine their respective Western Canada natural gas processing assets into a single joint venture entity.

Sempra Infrastructure, the US company controlling Sempra LNG and its Cameron export plant at Hackberry in Louisiana and related assets in Mexico, has sold a 10 percent stake to the Abu Dhabi wealth fund in the United Arab Emirates.

Sempra Infrastructure, a new subsidiary of Californian utility Sempra Energy, said it was planning a second liquefied natural gas export plant on the Pacific Coast of Mexico.

Sept 28 (LNGJ) - Sempra Energy, owner of the Cameron LNG export plant in Louisiana and the Costa Azul project in Mexico, has received all third-party approvals and satisfied all material closing conditions of the agreement to sell a 20 percent non-controlling interest in Sempra Infrastructure to US investment fund Kohlberg Kravis Roberts, now known as just KKR, for $3.37 billion in cash.

   The last move was the de-listing from the Mexican stock exchange of subsidiary, Infraestructura Energética Nova (IEnova), the owner of the Costa Azul venture and pipeline and energy assets in Mexico. The new Sempra North American LNG and gas platform called Sempra Infrastructure Partners will group the San Diego, California-based company’s subsidiaries currently held by Sempra LNG and the IEnova unit.

Air Products, the US global leader in the supply of liquefied natural gas process technology and equipment and the owner and operator of industrial gases projects, has extended the term in office of Chairman, President and Chief Executive Seifi Ghasemi through to September 30, 2025.

US equity fund Kohlberg Kravis Roberts, now known as KKR, said it had purchased a stake in the Canadian pipeline that will transport shale-gas from northeast British Columbia to the proposed Royal Dutch Shell-led LNG Canada export project at Kitimat.