Sempra Energy reported a slightly higher fourth-quarter profit Tuesday and said its proposed Louisiana gas-export terminal would boost future growth and profits. Sempra predicted a 2013 adjusted profit of between $4.30 and $4.80 a share, compared with $4.35 a share in 2012 and analysts’ estimates of $4.41 a share. The company’s 2012 profit using generally accepted accounting principles was $3.48 a share. Read more: http://www.foxbusiness.com/news/2013/02/26/sempra-energy-posts-higher-4th-quarter-profit-plans-gas-export-plant/#ixzz2MCVvVZ7i
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It has taken a couple of years for the energy industry to acknowledge a new reality: Natural gas availability is soaring in contravention of forecasting models that have been in use for decades, and the fuel is set to transform everything from power generation and transport to chemicals and even the trade deficit.
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