Jeffrey Martin Joins Secretary Brouillette for Natural Gas Summit
Sempra Energy joined the Department of Energy’s Natural Gas Summit in Washington, D.C. on September 17, 2020. From the perspective of its leadership position in North American energy infrastructure, the company shared its insights on global energy markets and America’s evolving role as an energy superpower.
"Liquefied natural gas (LNG) exports from the U.S. are expected to reach an all-time high at the end of 2020 and that is enough to meet one-fifth of the current global LNG demand," said Secretary of Energy Dan Brouillette. He emphasized the importance of creating more pipelines and export infrastructure to meet the growing demand for LNG.
At the event, Jeffrey Martin, chairman and chief executive officer for Sempra Energy, discussed the importance of America’s leadership in global energy markets and the critical role of U.S. LNG in the energy transition unfolding around the world.
“Earlier this year, the International Energy Agency (IEA) reported that global energy-related emissions were flat in 2019 and that the U.S. led the global community of nations with the largest decline in CO2 emissions,” said Martin. “In fact, U.S. emissions in 2019 were 1 gigaton below the year 2000, a credit to the fact that renewables continue to take market share in the U.S. and that we are seeing significant fuel-switching from coal to natural gas.”
“One of the key takeaways from the IEA report is that the U.S. has laid our roadmap for the world to achieve significantly lower level of CO2 emissions,” he said.
Through its subsidiary Sempra LNG, Sempra Energy is helping unlock North America’s energy potential. Sempra LNG’s mission is to be North America’s premier LNG infrastructure company by providing sustainable, safe and reliable access to U.S. natural gas for global markets. The company owns a 50.2% stake in Cameron LNG, a 12 Mtpa export project in Louisiana, and is pursuing development of additional proposed export facilities at Port Arthur LNG in Texas and Energía Costa Azul in Baja California, Mexico.
“Every time we make an investment in Mexico, it’s with a view toward raising the standard of living for all Mexicans,” said Martin. “With natural gas imports and the development of LNG facilities, there is an opportunity for Mexico to diversify its energy supplies, lower prices on the average Mexican family and businesses, and help improve the environment by displacing fuel oil in power production.”
Energy security was a key theme at the Natural Gas Summit. Ambassadors from Mexico, Poland, India and Japan shared how America’s natural gas exports are fueling communities abroad. America’s LNG exports present an opportunity to extend alliances, promote economic security and introduce a lower carbon energy source.
Polish Ambassador to the U.S. Piotr Wilczek discussed how the Three Seas Initiative – which aims to strengthen the economies of U.S. allies in Central and Eastern Europe through cooperative infrastructure, energy and digitalization projects – views trans-Atlantic energy interconnectivity as a key driver of the region’s long-term energy security. In December 2018, Sempra LNG announced an agreement with Polish Oil & Gas Company to supply 2 Mtpa of LNG from the company’s proposed Port Arthur LNG facility, helping the nation achieve energy security.
View Sempra Energy’s participation in the Department of Energy’s Natural Gas Summit here:
The successful development and ultimate construction of ECA LNG and Sempra Energy's other LNG export projects currently under development are subject to a number of risks and uncertainties and there can be no assurance that any of these projects will be completed.
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These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on the company's website at www.sempra.com. Investors should not rely unduly on any forward-looking statements.
Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not the same company as San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not regulated by the California Public Utilities Commission.