(Image from Port Arthur LNG) The award competition has an emphasis on sustainability, New Berlin airport opens 9 years late with little ceremony, Nine years late and far above its original budget, Berlin’s new airport has finally opened with little fanfare as the aviation industry struggles with the impact of the coronavirus pandemic, Bed, Bath & Beyond to pay nearly $1.5M to settle hazardous waste allegations, Lawsuit alleged that more than 200 of its California stores dumped hazardous materials in local landfills, including in San Diego County, CDC lifts order banning cruising but don’t expect ships to begin sailing immediately, The end of the months-long no-sail order comes with a number of conditions, including staging mock voyages to test how well ships and their crew can control the spread of COVID-19, How this 32-year-old in Mission Valley created a multimillion-dollar startup, GoSite to double its headcount over next 12 months, adding 100 workers. The company added that it recently initiated the Federal Energy Regulatory Commission (FERC) pre-filing review process for the agency to consider a potential expansion of the proposed Port Arthur LNG project. “The global demand growth for LNG is expected to continue in the coming years, and we see significant opportunities in this market,” stated Amin H. Nasser, Saudi Aramco’s president and CEO. 'tag' : 'LNG_Trends', Before the outbreak, Sempra officials expected to make a final decision to build the facility in the third quarter of this year. Why Spartan Energy Is an Electric Buy Before Its EV Merger, Dow Jones Plunges 700 Points as Cases of Coronavirus Surge; Apple Stock Called a Buy but Still Sinks, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. Sempra Energy noted that the agreement represents another milestone for both companies after having signed a heads of agreement in May last year for the purchase of 5 million tonnes per annum of liquefied natural gas and a 25% equity investment in the Port Arthur LNG project. It has plans to soon add a liquefaction and export component. According to Sempra, the IPPA marks another milestone for the companies in conjunction with Port Arthur LNG. “This agreement with Sempra Energy is another step forward for Saudi Aramco’s long-term gas strategy, and towards becoming the global leading integrated energy and chemicals company.”. Sempra and Aramco Move Closer to FID (NatGas Intel, Subscription) Leticia Gonzales (Jan. 06): Sempra Energy and Saudi Aramco, have taken another step toward developing the Port Arthur LNG export project. Saudi Arabia Signals Strength in Asia Oil Price Move, $75B Dividend Squeeze Intensifies for Saudi Aramco, Baker Hughes Rig Count Shows 12 More Units, Equinor and BP Strike Oil Offshore Canada. Get ready for your week with the week’s top business stories from San Diego and California, in your inbox Monday mornings. #TradeTalks: How Are Volatility Markets Pricing in a Faster Resolution of the Election Result? Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). A rendering of Sempra Energy’s proposed Port Arthur LNG facility on the Gulf Coast of Texas. An export facility on the West Coast is considered lucrative because it could send LNG shipments to Asian markets in a shorter amount of time than U.S. facilities located along the Gulf of Mexico. The IPPA represents another … Shipments would also bypass the Panama Canal, thus saving money on tolls. The expansion would add two liquefaction trains – bringing the total to four – and give the terminal the capability to export approximately 22 mtpa of LNG, Sempra noted. var ssdl = ssdl || {} Sempra is already a majority owner of the $10 billion Cameron LNG facility on the Louisiana Gulf Coast, which opened last year.

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