Sempra plans imminent Port Arthur LNG FID as annual earnings jump led by Cameron LNG and utility sales
US utility Sempra, whose assets include LNG projects on the US Gulf Coast and Mexico and natural gas and power businesses in California, reported full-year earnings of $2.09 billion compared with $1.25Bln in 2021 and was preparing an imminent final investment decision on the Port Arthur LNG project in Texas.
Sempra reports surge in revenue from LNG and Texas and California utility businesses but net profit drops
Sempra, the energy company with LNG assets and projects in Louisiana and Mexico as well as power and gas businesses in California and Texas, reported a jump in first-quarter revenue to $3.82 billion from $3.25Bln, though net profits fell because of one-time items and amid continued investment.
Sempra Energy gives strategy overview on LNG and contrasting California and Texas utilities
Sempra Energy has given a strategy report on its LNG export plans and talks with Asian buyers on project offtake after its third-quarter earnings report, while also covering California natural gas regulations and investments and its valuable Oncor utility business in Texas.
Sempra is starting first output at Cameron LNG and upgrades earnings potential from facility
Sempra Energy said the Cameron liquefied natural gas export plant at Hackberry in Louisiana was in the final stages of commissioning and production would be starting soon as the California-based utility forecast higher future LNG earnings.
