Sempra Issues Statement on European Energy Security

Rhea-AI Summary

Sempra (NYSE: SRE) issued a statement applauding the establishment of a Task Force on Energy Security, announced by President Biden and European Commission President Von der Leyen. The company expresses support for European energy security and sustainability goals, highlighting its commitment to collaborate with U.S. Administration to increase LNG supply. As of 2021, Sempra holds over $72 billion in assets and serves nearly 40 million consumers across North America, showcasing its role in the global energy transition towards cleaner energy sources.

Positive

• Sempra supports increased LNG supply to Europe, enhancing its market position.
• The company is recognized for sustainable practices and a commitment to a high-performing culture.

Negative

• None.

News Market Reaction – SRE

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+0.41% News Effect

On the day this news was published, SRE gained 0.41%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SAN DIEGO, March 25, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today issued the following statement in response to the Joint Statement between the United States and the European Commission on European Energy Security:

"We applaud today's announcement by President Biden and European Union President Von der Leyen on the establishment of a Task Force on Energy Security. Sempra stands with our European allies as they pursue their energy security and sustainability objectives, and we look forward to collaborating with the U.S. Administration to expeditiously bring more LNG to market," said Jeffrey W. Martin, chairman and chief executive officer of Sempra.

About Sempra

Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @Sempra.

 

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SOURCE Sempra

FAQ

What is Sempra's response to the European Energy Security announcement on March 25, 2022?

Sempra applauded the establishment of a Task Force on Energy Security and expressed support for European energy sustainability goals.

What is Sempra's asset value as of 2021?

Sempra's total assets were over $72 billion at the end of 2021.

How many consumers does Sempra serve?

Sempra delivers energy to nearly 40 million consumers across North America.

What is Sempra's commitment in the energy sector?

Sempra is committed to collaborating with the U.S. Administration to accelerate LNG supply and support the global energy transition.