Sempra Energy's IEnova, BP sign Liquid Fuels Terminal In Baja California, Mexico
SAN DIEGO,/PRNewswire/ -- Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), has signed a long-term contract with British Petroleum (BP) for the remaining 50 percent of the initial capacity of the proposed Baja Refinados liquid fuels marine terminal in Baja California, Mexico.
Under the agreement, BP will have
In April, IEnova announced it signed a long-term contract with Chevron Combustibles de México S. de R.L. de C.V for approximately 50 percent of the facility's initial storage capacity to supply Chevron service stations and other commercial and industrial consumers.
"The Baja Refinados project is an important part of our growth strategy," said Carlos Ruiz Sacristán, chairman and CEO of the Sempra North American Infrastructure group and chairman of IEnova. "This new terminal will increase Baja California's energy reliability and will foster competitive prices for gasoline and other refined products on the West Coast of Mexico."
IEnova will be responsible for the development of the liquid fuels terminal project, including financing, obtaining permits, engineering, procurement
IEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2017, the company had invested more than
Sempra Energy announced in August that it formed a new operating group, Sempra North American Infrastructure. The new group's operations include IEnova, as well as Sempra LNG & Midstream development and marketing activities.
Sempra Energy, a San Diego-based energy services holding company with 2017 revenues of more than $11 billion, is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' approximately 20,000 employees serve more than 40 million consumers worldwide.
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