Sempra Agrees to Divert a Portion of Its Costa Azul LNG Supply to South Korea
Posted on Jul 23, 2008 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Agrees to Divert a Portion of Its Costa Azul LNG Supply to South Korea
Sempra Energy has agreed to divert a portion of its Indonesian LNG supplies to South Korea, according to Reuters. Sempra originally contracted for supply from Indonesia’s Tangguh liquefaction plant to service its Energia Costa Azul regasification terminal in northwestern Mexico, but now will divert some supply to the Asian gas market where prices are higher under a provision that allows Sempra to divert half of its supply to other markets.