Sempra Energy, Alaska Offshore Auction: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
U.S. Allows Sempra to Re-Export Gas from Mexico - The U.S. Energy Department on Tuesday approved permits for Sempra Energy (NYSE:SRE) (San Diego, California) to send U.S. natural gas to Mexico for re-export from liquefied natural gas (LNG) terminals. The permits allow Sempra to ship natural gas via pipeline to western Mexico in coming years, where it will be converted to LNG at the company's terminals and sent to consumers in Asia and other markets. The department allows Sempra to export an LNG equivalent of 475 billion cubic feet (Bcf) per year of gas from the proposed Costa Azul facility, the first train of which is planned to be completed in 2024, and 200 Bcf a year from the Vista Pacifico plant, construction of which has not begun. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report on Costa Azul and here for the report on Vista Pacifico. (Reuters)

CRUDE OIL
U.S. Crude Oil Inventories Decline - U.S. crude oil inventories fell by 5.89 million barrels to 418.2 million barrels in the week ending December 16, according to data from the U.S. Energy Information Administration (EIA). (Reuters)

PRODUCTION
Environmentalists Sue to Stop Alaska Offshore Auction - Environmental groups sued the Biden administration on Wednesday to block a sale of oil and gas drilling rights off the coast of Alaska that is scheduled for next week. The legal action, filed in federal court in Alaska, comes as the Interior Department is preparing to offer nearly 1 million acres in the Cook Inlet on December 30. The sale was among the concessions to the oil and gas sector included in the Inflation Reduction Act. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).