LNG

Feb 19 (LNGJ) – IEnova, the Sempra Energy Mexican subsidiary and developer of the Costa Azul export plant, posted gross earnings for the year of more than US$1 billion. However, net profits for 2020 were lower at $461M million compared with $468M in 2019.

   IEnova said earnings benefited from the start of operations of the South Texas-Tuxpan pipeline bringing natural gas supplies from the US, partially offset by the revenue deferment at the Guayma-El Oro natural gas pipeline and lower operational results at the Termoeléctrica de Mexicali power plant. The Costa Azul LNG project on the Pacific Coast was given the go-ahead in late 2020 and is being constructed by Europe-based engineering firm Technip Energies. 

The US Cameron liquefied natural gas export plant at Hackberry in Louisiana said it had begun producing LNG and would make its first shipment in the coming weeks as it prepared to welcome President Donald Trump for a tour of the facility.

Sempra Energy, the California utility developing LNG export plants in the US and Mexico, said its Port Arthur LNG project in Texas that will supply nations such as Poland received authorization from the Federal Energy Regulatory Commission to proceed with construction.

Sempra Energy, the developer of two US export projects and a third in Mexico, said it received authorizations from the US Department of Energy to export US-produced pipeline natural gas to Mexico and to re-export it as LNG to countries that do not have a free-trade agreement with the US.

Sempra Energy said that recent agreements signed supported the goal of the California-based utility and project developer to become one of the largest US exporters of LNG with targeted volumes of 45 million tonnes per annum.