Sempra to sell Mexico energy assets to fund $56 billion capital investment program

The US energy company Sempra is planning to sell some natural gas assets, while utilities are rushing to raise capital before an expected boom in electricity demand.In an attempt to “simplify the company’s portfolio” and support a strong growth of its utilities in Texas and California, Sempra aims to get rid of a Mexican fuel distributor and sell a minority stake in its liquefied natural gas business, Sempra Infrastructure Partners, according to…

Sempra to sell Mexico energy assets to fund $56 billion capital investment program

Sempra Energy headquarters in downtown San Diego. (File photo courtesy of the company) Sempra announced plans Monday to sell some of its energy infrastructure assets in Mexico to fund help fund a five-year, $56 billion capital expenditure program. Last month the San Diego-based utility holding company that serves nearly 40 million customers said it would increase capital expenditures by 16%, with most of the spending focused on Texas and Califor…

Sempra Explores Sale of Mexican Gas Assets, Minority LNG Stake

Sempra is launching a process to sell natural gas distribution operations in Mexico and a minority stake in its liquefied natural gas business.

Sempra Announces Continuation of Capital Recycling Program

Divesting natural gas distribution business in MexicoSelling minority interest in Sempra Infrastructure

MEXICO CITY.- Although a few years ago we did not hear about liquefied natural gas (LNG) in Mexico, our country could place itself among the main exporters of this compressed version of natural gas thanks to its particular geographical situation, by the end of the decade. To this point, in interview, Eduardo Prud’homme, consultant on issues of regulation and energy markets. And this is not a minor issue. On the one hand, it is a growing market: …

Sempra to sell energy assets in Mexico and minority stake in Sempra Infrastructure

Sempra has announced strategic actions to advance its capital recycling programme, focusing on its Texas and California utilities.