Sempra Energy projects positive outlook, closes day up
Posted: April 17, 2012 Filed under: Uncategorized | Tags: LNG, Markets, Oil & Gas Leave a commentSempra Energy projects positive outlook, closes day up
According to a Zachs Equity Research story on March 30, that “[t]hrough a four-year period, from fiscal 2012 to fiscal 2016, [Semper Energy of San Diego] expects annual capital expenditure and investments of approximately $2.7 billion.”
That jibes well with today’s news. Reading about Chenier’s deal (see post below) to open a LNG export refinery in Sabine Pass, La., it was also noted that Sempra Energy Inc. said today that it will develop a $6 billion LNG export terminal at its existing import terminal at Hackberry in southwestern Louisiana, and “that its Cameron LNG unit already has permission from the Energy Department to export up to 12 million tons a year of LNG — or 1.7 billion cubic feet per day —to countries with which the United States has a free trade agreement.”
Sempra (NYSE:SRE – News) closed the day at $63.80, up 0.85. The company’s businesses are broadly divided into Sempra Utilities, and Sempra Global and parent. The company mainly competes with Edison International (NYSE:EIX – News) and PG&E Corporation (NYSE:PCG – News), according to yahoo finance.
