Mexico's government wants the local unit of Sempra Energy to build another export facility to help sell off excess natural gas in return for ...
Mexico's government wants the local unit of Sempra Energy to build another export facility to help sell off excess natural gas in return for granting the energy infrastructure company a historic export permit, according to three people familiar with the matter.
The people spoke on condition of anonymity due to the sensitivity of the ongoing discussions, which could still lead to a prompt authorization of the permit. Reuters was not immediately able to establish details of the proposed plant. During the meeting, Sempra tweeted about the US$1.9 billion it is investing in ECA, and brought the approval process to the presidents' attention, stirring hopes it would soon be resolved, according to several people familiar with the matter.
A Sempra spokeswoman said the company looked forward to seeing ECA progress and was still working with the Mexican government to obtain the export permit. The request may fuel concerns about ease of doing business under Lopez Obrador, who has strengthened state influence over energy policy and argues that corruption in past governments skewed the energy market in favor of private interests.
The final stretch of the Topolobampo pipeline is incomplete due to resistance from a local indigenous community.
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