Sempra Energy Lng Corp News

Shell International Gas Limited (Shell) and Sempra Energy LNG Corp., an affiliate of Sempra Energy, (NYSE:SRE), today announced their intention to form a 50/50 joint venture to build, own and operate a $600 million liquefied natural gas (LNG) receiving terminal in Baja California, Mexico. The terminal is to be located in Costa Azul on the west coast of Mexico, approximately 14 miles north of Ensenada and will be capable of supplying 1 billion cubic feet (Bcf) of natural gas per day. Shell and Sempra Energy LNG Corp. will share the investment costs of the terminal equally and each will take 50 percent of the capacity in the terminal. Approximately 500 million cubic feet per day of natural gas from the terminal will be used to meet the growing energy demands in western Mexico.