Sempra LNG Reports Year-on-Year Improvement for Q4 2008

Noting construction delays at the Cameron LNG terminal project in Louisiana, Sempra Energy’s Chairman and CEO Donald Felsinger announced that Sempra LNG reported a net loss of $13 million in Q4 2008, which is an improvement from a $19 million loss in Q4 2007. Felsinger said that the company anticipates commencing terminal operations in Q3 2009 and is well-positioned “to take advantage of spot cargo opportunities.” Read more in Platts LNG Daily [subscription required].

Back to top