Cameron LNG Train Appears Offline, Feedgas Drops 35%
SRE is trading near its 52-week low of $79.59 (3.3% above the low) on light trading volume (0.2× avg).
Summary
LSEG data shows feedgas nominations to Cameron LNG fell to 1.3 bcfd on Wednesday, down from the typical 2 bcfd when all three trains run, suggesting one train is offline or at reduced rates. Sempra owns 50.2% of the facility, one of the largest U.S. LNG export plants. This follows the July shutdown of Sempra's Energia Costa Azul plant in Mexico due to compressor damage, raising concerns about operational reliability across its LNG portfolio. The company has not yet commented. Traders will watch for confirmation of the outage and any impact on near-term export volumes and earnings.
At the time of this announcement, SRE was trading at $82.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $53.8B. The 52-week trading range was $79.59 to $101.04. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.