Sempra, Total Energies expand their partnership with new projects
Sempra Infrastructure and TotalEnergies are expanding their North American strategic alliance with two new projects.
One is for the proposed Vista Pacífico LNG project in Mexico, and the second is for a proposed offshore wind project in California. Further, the partners are working on other renewable energy and energy storage projects in Northern Mexico.
The memorandum of understanding (MOU) for the Vista Pacífico LNG calls for TotalEnergies potentially contracting for approximately one-third of the long-term export production of the liquefied natural gas (LNG) facility under development on Mexico’s West Coast.
The second MOU provides a framework for broader cooperation in developing North American renewable energy projects, including the potential acquisition by Sempra Infrastructure of a target of 30 percent of TotalEnergies’ equity interest in a proposed offshore wind project. In addition, the MOU provides the framework for TotalEnergies’ potential acquisition of equity participation targeting 30 percent in certain Sempra Infrastructure renewable and energy storage development projects in Northern Mexico.
“With last week’s energy accord between the U.S. and European Commission, alliances between some of the leading energy companies like TotalEnergies and Sempra are increasingly important to transatlantic trade and energy security,” Jeffrey Martin, chairman and CEO of Sempra, said. “We own one of the largest energy networks in North America, and by collaborating with TotalEnergies to create additional scale advantages in LNG and renewable energy, our customers benefit from having access to cleaner and more affordable energy options and improved security of supply.”
The proposed Vista Pacífico LNG project is expected to be a mid-scale facility that would source lower-cost natural gas from the Permian Basin for export to high-demand markets, including Asia, Europe, South America, and Mexico.
“We are pleased to further strengthen our partnership with Sempra in North America in LNG and to extend it to renewables. Over the past years, TotalEnergies has become the leading exporter of U.S. LNG and has built up a pipeline of 4 GW of solar projects and 3 GW of offshore wind projects currently under development in the U.S.,” Patrick Pouyanné, chairman & CEO of TotalEnergies, said. “This new step in our collaboration allow us to go further in our ambition to offer our customers sustainable, affordable and reliable energy, in line with our transformation into a global multi-energy company.”
Sempra Infrastructure and TotalEnergies are already participants in two joint venture projects — Cameron LNG in Hackberry, La., and Energia Costa Azul in Baja California, Mexico.
