Sempra signs deal for Russian Natural Gas

Sempra's efforts to bring natural gas into California markets has an even more international flair. The San Diego-based company plans to import liquefied natural gas to Mexican ports from Russia:

U.S. company Sempra Energy said on Monday, April 25, that it has signed a non-binding agreement with Russia’s natural gas monopoly Gazprom to import and market Russian liquefied natural gas (LNG) in North America.

The San Diego-based company said the memorandum of understanding envisages shipments of Russian LNG into Sempra receiving terminals in North America and the sale of the natural gas through trading arm Sempra Commodities. “We are pleased to sign this agreement to help facilitate the movement of Russia’s plentiful natural gas into the North American marketplace, where it is needed,” said Sempra President Donald Felsinger, quoted by Reuters. Felsinger and Gazprom chairman Alexei Miller signed the memorandum in Moscow on April 25.

Khorosho for Sempra, but with President Putin causing concerns about efforts to strengthen the Russian state, does it make sense for California?