China’s president Xi Jinping is in Moscow meeting with Vladimir Putin this week in a big show of political support as Russia’s stand-off with the west over its invasion of Ukraine intensifies. On the economic front, the country’s oil and gas ties will be at the top of the agenda, highlighting how the war is scrambling the global energy order. Putin needs China to keep buying more of Russia’s fossil fuels to help offset the economic damage from western oil and fuel sanctions and the loss of Russia’s lucrative natural gas trade with Europe.
Sempra (NYSE: SRE) (BMV: SRE) today announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure), reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas.
Key Insights The projected fair value for Sempra Energy is US$111 based on Dividend Discount Model Sempra Energy is...