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UPDATE 1-Sempra confirms decision on Mexico LNG project, may delay decision on Texas plant [Reuters]

DBA Sempra (SRE) 
Last dba sempra earnings: 2/27 06:55 am Check Earnings Report
US:NYSE Investor Relations: sempra.com/investors
Company Research Source: Reuters
UPDATE 1-Sempra confirms decision on Mexico LNG project, may delay decision on Texas plant (Updates with decision delay on proposed Texas plant) March 24 (Reuters) - Sempra Energy said on Tuesday it will go forward this year with plans to sanction a liquefied natural gas (LNG) export plant in Mexico, but may push back a decision on a separate Texas plant. A final investment decision will come in the second quarter for its Costa Azul LNG plant, a one-quarter delay to its earlier schedule. However, Sempra will no longer commit to a third quarter decision on its Port Arthur LNG project, officials said in a conference call. “The current economic environment may impact the schedule,” said Justin Bird, president of Sempra LNG. The company remains confident in the long-term demand for LNG and has commitments for about 70% of the Texas project’s output, he said. Investment decisions on other LNG projects are being stalled as global demand for gas is falling because of the coronavirus outbreak Show less Read more
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