The Morning Report
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San Diego-based Sempra Energy is poised to open a massive terminal in Baja California to process liquefied natural gas as early as 2008.
The Los Angeles Times took an interesting look at the plant, and the implications it has on several LNG terminals proposed north of the border.
But while other companies are mired in the morass of U.S. and California regulations, Sempra Energy Co.’s Costa Azul plant is already half-built, aided by political tailwinds and less red tape in Mexico. Twin dome-shaped natural gas storage tanks rise 180 feet above a rugged coastal strip about 14 miles north of Ensenada in Baja California. … With its proximity to Southern California, the Sempra plant may alter the race to build other LNG terminals proposed along the coast, regulators and industrial officials say. Four such projects are seeking approval, but the California Energy Commission says they won’t all be needed.
The story is here.