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Sempra finalizes Port Arthur LNG Phase 2 and sells 45% stake for $10B, boosting growth and reducing debt.
Sempra announced a final investment decision for its Port Arthur LNG Phase 2 project and completed the sale of a 45% stake in Sempra Infrastructure for about $10 billion, boosting its growth outlook.
The capital raise will support infrastructure development and reduce debt.
The company’s expanded LNG capacity and strong financial position have drawn praise from financial analyst Jim Cramer, who calls it a recession-resistant stock amid rising global demand for natural gas.
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Sempra finaliza la fase 2 de Port Arthur LNG y vende el 45% de la participación por $ 10B, impulsando el crecimiento y reduciendo la deuda.