San Diego-based Sempra Energy is targeting summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul (ECA) LNG Phase 1 project, located in Ensenada in Baja California, Mexico. The project will source U.S. gas.
Gas will be delivered to ECA LNG Phase 1 with the completion of the GRO pipeline expansion, which will have a capacity of 0.5 Bcf/d, Sempra said Feb. 27 in its fourth quarter 2023 earnings release.
Sempra’s Houston-based affiliate Sempra Infrastructure has an 100% ownership interest in the pipeline.
ECA Phase 1 will consist of one 3.25 mtpa train with an initial offtake capacity of 2.5 mtpa (0.33 Bcf/d), according to Sempra Infrastructure, which has an 83.4% working interest in the project. France’s TotalEnergies has a 16.6% working interest in the project.
ECA LNG Phase 2
A second phase of ECA LNG is also planned and will have 12 mtpa of export capacity.
Sempra Infrastructure has already signed a heads of agreement with Houston-based ConocoPhillips and memorandums of understanding with TotalEnergies and Japan’s Mitsui.
ECA LNG Phase 2, like ECA LNG Phase 1, will also source gas from the U.S.
Recommended Reading
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
The One Where EOG’s Stock Tanked
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.
Matador Resources Declares Quarterly Dividend
2024-02-14 - Matador Resources will pay a $0.20 dividend on March 13 to shareholders of record by Feb. 23.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.