#sempra

While we were sleeping, this giant has emerged, backed by a labor union, oil and gas trade associations, the chemical industry, and the trump administration. One of the primary drivers of this giant, Sempra Energy, is tied in with the pipeline companies (think the Keystone people), and has contributed millions to republican and Democrat politicians.

Recall that the export of natural gas, including its LNG (liquified natural gas) version, was expanded beyond a very narrow trade by the Obama administration. So this isn’t a republican-trump thing.

Excerpt:

San Diego-based Sempra Energy has spearheaded the launch of a group called the Global Natural Gas Coalition to promote exports of gas obtained via fracking (hydraulic fracturing) to the global market. Sempra is a natural gas utility giant and liquefied natural gas (LNG) export and import company.

Announced at a June 25 gathering at the National Press Club in Washington, D.C., the Global Natural Gas Coalition features other participants such as the American Petroleum Institute (API), LNG Allies, the American Gas Association, American Chemistry Council, and others.

Also attending the event were officials from several agencies in the Trump administration. [From the Department of Energy, the Overseas Private Investment Corporation, the U.S. Export-Import Bank and the State Department.]

The labor union Laborers' International Union of North America (LIUNA) also has voiced support of the coalition.

[Sempra] is also a tour de force in Southern California's electricity market and in Mexico through its utility sector subsidiaries SoCalGas, San Diego Gas and Electric (SDGE), and IEnova. In the San Diego-area, SDGE has actively used its political and business clout in an attempt to fend off community choice policy proposals, which would allow residents to pick the company where they get electricity, including from competing renewable energy sector companies.

For its Cameron LNG facility, which would be a competitor to Cheniere's Sabine Pass facility in Sabine Pass, Louisiana, pipeline giant TransCanada plans to build a $300 million pipeline which would connect to the terminal called — appropriately enough — the Cameron Access pipeline. TransCanada is best known for the Keystone XL pipeline proposal, which would ship tar sands extracted from Alberta, Canada, to Nebraska, but through other projects, the company has become an increasingly sizeable carrier of fracked gas to the Gulf Coast export market and across the U.S. border into Mexico.

Zawya: A KKR-led consortium will hold 65% of the unit, while Sempra will retain 25% and Abu Dhabi Investment Authority will keep 10% after the deal closes Source: https://www.zawya.com/en/projects/oil-and-gas/sempra-sells-10bln-stake-in-unit-greenlights-port-arthur-expansion-project-xzlvxjpv

Sempra: Key Participant In A Important Business That's Doubtlessly Undervalued

Reuters.- La empresa de servicios públicos Sempra venderá algunos activos de infraestructuras energéticas en México y una participación minoritaria en Sempra Infrastructure para financiar su plan quinquenal de gasto de capital de 56 mil millones de dólares, anunció la compañía el lunes. En febrero, la empresa había previsto un plan de capital a cinco años de unos 56 mil millones de dólares, un…