Saudi Aramco signs second Texas LNG deal with Port Arthur project to follow up on accord with Rio Grande joint venture
Saudi Arabian Oil Company (Aramco) has signed a second US LNG accord to receive volumes from another Texas export, the Port Arthur liquefaction joint venture in Texas being developed by Sempra Infrastucture, and has followed up on a deal signed earlier in June with the Rio Grande export project in the Port of Brownsville.
Sempra makes advances in Gulf Coast and Mexican LNG projects amid more gas and power utility challenges
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, reported a 25 percent drop in first-quarter profits as commodity prices fell along with revenues.
Sempra reports progress on Gulf Coast and Mexican LNG projects amid more gas and power utility spending
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, reported a surge in net income for the year and the fourth quarter.
LNG and utility company Sempra reports earnings and plans for investments in projects and infrastructure
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.
Sempra earnings rise as LNG projects advance on Gulf Coast and in Mexico amid $40Bln spending plan
Sempra, the US utility whose LNG unit Sempra Infrastructure owns Cameron LNG in Louisiana and other projects in Texas and Mexico, has reported higher earnings in the first quarter as it proposed a five-year capital expenditure plan amounting to $40 billion.
US natural gas storage design capacity fell in 2021 while LNG exports and intermittent power increased needs
US natural gas storage design capacity was down in 2021, primarily driven by reductions in the Pacific region of almost 12 percent as energy market changes including LNG exports signalled a greater need for capacity, especially flexible, high-deliverability storage.
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.
Gulf Coast and Mexican LNG operator Sempra moves on after California settlement for natural gas leak
Southern California Gas Co. (SoCalGas), based in Los Angeles and owned by the Louisiana Cameron LNG plant operator, Sempra Energy, has agreed to pay around $1.1 billion in three settlement agreements stemming from the methane leak in 2015 at the SoCalGas Aliso Canyon natural gas storage facility.
US Sempra and Cheniere LNG as well as India’s Petronet give views at Gastech on market challenges
Executives from the leading LNG companies in North America and India took centre stage at the Gastech Virtual Summit on the key issues facing the natural gas industry, with Sempra LNG saying the energy transition was already happening in California and gave an estimate of natural gas needed in LNG terms to back up renewables.
Sempra Energy plans strengthening of clean energy role in California and in Asia with LNG
Sempra Energy, the California-based utility and the newest US liquefied natural gas exporter with its liquefaction plant in Hackberry in Louisiana, said it was consistently working to strengthen its infrastructure to cope with extreme weather conditions in its home state and to supply LNG as clean energy to Asia to replace coal.
Sempra said its role includes taking a leadership position in modernizing North American natural gas pipelines and to increase safety and reliability.
It was also developing a comprehensive wildfire mitigation plan to help prevent electric equipment-related fires in California and to improve the ability of the power grid to meet extreme demand periods.
“In addition, the company expects to play a leadership role in the worldwide shift away from coal toward lower-emissions natural gas through the development of five LNG infrastructure projects in North America that should enable the delivery of LNG to consumers around the world,” stated Sempra in its corporate sustainability report.
The Cameron facility is one of three LNG export plants Sempra is developing in the region, along with Port Arthur LNG in Texas and the Costa Azul plant on the Pacific Coast of Mexico.
The five projects referred to are the expansion of Cameron and Port Arthur.
Sempra expects to become one of the largest US exporters of LNG with targeted volumes of 45 million tonnes per annum.
“Delivering energy with purpose is how we improve the lives of those we serve and is an integral part of who we are,” said Jeffrey W. Martin, Chairman and Chief Executive of Sempra.
“With a strong focus on safety, innovation and environmental stewardship, our company will deliver cleaner energy to the world - with purpose. This focus makes our company more effective and efficient,” he added.
Sempra’s main utilities in California are San Diego Gas & Electric Company and Southern California Gas Co.
San Diego-based Sempra also owns the Texas utility business Oncor and assets in Mexico through its Infraestructura Energetica Nova (IEnova) subsidiary.
“Sustainability will continue to be a key focus as we carry out our mission to be North America's premier energy infrastructure company,” noted Dennis V. Arriola, Executive Vice President.
“We recognize that we have a leadership role to play in the broader world and we're committed to doing the right thing and acting in an ethical and transparent manner in all aspects of our business,” stated Arriola.
