Sempra to Make Decision on Costa Azul LNG Project This Year

Sempra Energy announced today the company expects to reach a final investment decision in the fourth quarter of 2020 for the Costa Azul LNG export project in Mexico.  Costa Azul LNG would be a single-train liquefaction facility. Last year the project received authorization from the U.S. Department of Energy to export U.S.-produced natural gas to Mexico. The U.S. gas would then be re-exported as LNG to countries that do not have a free-trade agreement with the U.S.  

Sempra noted it continues to work closely with local authorities as well as the Mexican government to advance the export permit process for Energía Costa Azul LNG Phase 1. Phase 1 of the project is planned to be built and operated by Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V., Sempra Energy's subsidiary in Mexico.

20-year sale-and-purchase agreements have been secured with Mitsui & Co., Ltd. and an affiliate of Total SE for the purchase of approximately 2.5 Mtpa of LNG from Phase 1 of the project.