Sempra (SRE) Subsidiary Places Louisiana Connector Project in Service

Sempra (NYSE:SRE) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom. On June 9, the company’s subsidiary, Sempra Infrastructure, said its Port Arthur Pipeline Louisiana Connector project has been placed in service.

The connector, with capital expenditures of less than $1 billion, includes 72 miles of 42-inch pipeline, a compressor station in Beauregard Parish, Louisiana, and associated above- and below-ground facilities.

The company said the connector provides strategic energy infrastructure in the region as it will support the safe, reliable transportation of 2 billion cubic feet per day (Bcfd) of U.S. natural gas to global markets by supplying gas to Port Arthur LNG Phase 1.

The project also interconnects with Sempra Infrastructure’s Gillis Hub Pipeline, a highly connected natural gas pipeline header system in Southwest Louisiana’s energy corridor.

In other news, Investing.com reported on June 9 that Sempra completed a $1 billion public offering of floating-rate notes due 2028. According to the report, the firm received approximately $998.5 million in proceeds after underwriting discounts, with estimated offering expenses of $1.7 million.

Sempra (NYSE:SRE) is an energy services holding company engaged in the development and operation of energy infrastructure, as well as the provision of electric and gas services.

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