Enbridge, Huge Win; Sempra Energy, North America -- March 28, 2019

Enbridge, line 3, link here.

Sempra Energy, Mexico, link here.

Sempra Energy is considering renegotiating regasification contracts at a Mexican terminal where it wants to add liquefaction capabilities to allow a potential increase in the LNG export capacity currently envisioned there.

The effort reflects the San Diego-based utility and energy infrastructure developer's confidence in the direction of commercial talks it is having with potential offtakers to support the LNG project at Energia Costa Azul in Baja California. It also is building market interest in a proposed export terminal in Texas and a second phase at the Louisiana terminal where it is preparing to start up its first train.

Sempra Energy, North America, link here.

• Sempra Energy is working aggressively to become one of the biggest liquefied natural gas exporters in North America, CEO Jeff Martin tells Reuters
• SRE is developing five projects - Cameron phases 1 and 2 in Louisiana, Port Arthur in Texas and Costa Azul phases 1 and 2 in Baja California in Mexico - totaling 45M mt/year
• if the company builds all 45M mt/year of capacity, it could become the second biggest North American LNG exporter behind current market leader Cheniere Energy
• the first 12M mt/year phase at the $10B Cameron project is already under construction, and Martin says SRE and its Cameron partners - Mitsubishi, Mitsui and Total - are working on a study for an 8M mt/year phase 2 expansion of the facility
• at the 12M mt/year Port Arthur project, Martin says SRE has a "big marketing effort to see if we can get sufficient contracts to reach a final investment decision" by Q1 2020