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Market Chatter: Sempra's Mexico LNG Plant Exports First Cargo Amid Ongoing Global Supply Crunch

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Sempra Infrastructure's (SRE) Energia Costa Azul LNG project on Mexico's Pacific coast shipped its first LNG cargo on Tuesday, marking a major milestone for the project, according to ship tracking data compiled by Bloomberg.

The Pacific Success LNG tanker reportedly left the plant at Ensenada in Mexico's Baja California state, with its draft level having increased, indicating that it was loaded with cargo.

The terminal began producing LNG in June and joins growing cohort of projects along North America's West Coast, aimed at serving new demand from Asian customers for US LNG, as disruptions in the Strait of Hormuz reshape global trade flows.

Energia Costa Azul sources natural gas from the US for liquefaction. The project's first phase has export capacity of 3.25 million metric tons per year, with a second phase under development. Long-term supply agreements have been secured with Sempra Infrastructure's joint venture partner TotalEnergies (TTE) and Japanese trading house Mitsui & Co.

Sempra Infrastructure did not immediately respond to' request for a comment on this story.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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