Sempra Energy Pushes Past Weak Prices to Develop LNG, Renewable Projects, and Eyes Mexico
SUGAR LAND--August 5, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Sempra Energy (NYSE:SRE) (San Diego, California), a leading energy holding company, took a hit in the second quarter from persistently low natural gas prices. The company boosted its second-quarter 2016 capital expenditures to $1.05 billion, a 29% increase from the same period in 2015, and remains optimistic about the liquefied natural gas (LNG) market, despite a global oversupply of the product. Industrial Info's project database is tracking $27.15 billion in active projects involving Sempra, including an increasing number in Mexico.
Within this article: Details on the highest-valued projects involving Sempra, including a closely watched LNG plant on the U.S. Gulf Coast, an expanding portfolio of renewable plans, and growth efforts in Mexico.
