LNG

Sempra Energy, the California company operating the Cameron LNG export plant in Louisiana, has signed a fixed-price contract with US engineer Bechtel to construct its second Gulf Coast plant at Port Arthur in Texas to be backed by a subsidiary of Saudi Aramco, the largest oil producing company.

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.