September 12, 2019

Sempra Energy Named to Platts’ Top 250 Global Energy Companies

Submitted by fp-admin on Thu, 09/12/2019 - 14:32

Sempra Energy has been named to this year’s S&P Global Platts' Top 250 Global Energy Company Rankings and is considered one of the “Biggest Movers – Up” for 2019. The company has broken the top 100 after jumping 72 spots, from No. 162 last year to No. 90 this year.  

The rankings are based on 2018 financial data for global energy companies, including assets, revenue, profits and return on invested capital. Sempra Energy’s ranking is a testament to the company’s progress advancing its mission to be North America’s premier energy infrastructure company.

The award recognizes how the company has strengthened its leadership position in California, Texas, Mexico and the LNG export market. 

Leading Energy Provider

Leading energy provider, energy worker interacts with customers

In California, Sempra Energy's utilities, San Diego Gas & Electric and Southern California Gas Co., combine to form a leading utility platform serving more than 25 million consumers.

Sempra Energy’s subsidiary in Mexico, IEnova, has invested more than $8 billion in energy infrastructure, creating one of the largest energy companies in that country.

Growth in Texas

Growth in Texas, Oncor truck

In 2018, Sempra Energy completed the most ambitious transaction in its history, acquiring a majority stake in Oncor Electric Delivery Company, the largest investor-owned utility in Texas. Since then, Oncor has acquired InfraREIT, Inc., further expanding its footprint in Texas, a state which leads the nation in production and consumption of energy.

Advancing LNG Exports

Advancing LNG exports, Sempra Energy is well positioned to be a leader in the export of LNG

Sempra Energy also is well positioned to be a leader in the export of LNG, with the goal of developing roughly 45 million tonnes per annum (mtpa) of export capacity to serve global markets. 

Earlier this year, one of Sempra Energy’s LNG export projects, Cameron LNG, began commercial operations at the first train of the liquefaction-export facility, located in Hackberry, La. 

Additionally, Sempra Energy's recently announced a heads of agreement between its subsidiary SempraLNG and Aramco Services Company, for Phase 1 of the Port Arthur LNG project currently under development in Texas.