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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sempra | NYSE:SRE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.92 | 1.28% | 72.87 | 72.90 | 71.965 | 72.33 | 2,620,469 | 00:52:13 |
From May 2019 to May 2024
By Cassandra Sweet
Sempra Energy (SRE) expects to get federal permission to build facilities to export natural gas in Louisiana, and the company will be ready to start construction in early 2014, the company's top executive said Tuesday.
Sempra plans to modify its existing natural-gas import terminal in Louisiana to be able to convert gas produced in the U.S. into liquid form to be exported overseas.
The company applied in December with the Federal Energy Regulatory Commission for approval of the project, and it expects to obtain the agency's approval by the end of this year, said Sempra Chairman and Chief Executive Debra Reed.
The gas-export terminal is designed to export up to 12 million tons of natural gas a year and is estimated to cost between $6 billion and $7 billion, Ms. Reed said.
Sempra plans to select a contractor to build the project and be ready to start construction in early 2014, Ms. Reed said.
The company plans to complete construction and start operating the terminal in late 2017, Ms. Reed said.
Write to Cassandra Sweet at cassandra.sweet@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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