SAN DIEGO, Aug. 24, 2020 /PRNewswire/ -- Sempra LNG, a
subsidiary of Sempra Energy (NYSE: SRE), today announced that
Lisa Glatch, currently chief
operating officer for Sempra LNG, has been promoted to president
and chief operating officer for Sempra LNG.
"We could not be more pleased to appoint Lisa to the role of
president as we maintain our focus on growing our liquefied natural
gas (LNG) business to serve global markets," said Justin Bird, chief executive officer of Sempra
LNG. "With Phase 1 of Cameron LNG now in commercial operations, we
have matured into a business that encompasses the full life cycle
of LNG export facility development, design, construction, and
operations. Lisa's impressive experience is a great asset and her
leadership will be key to our continued success as we look ahead to
the construction of our proposed export facility at Energía
Costa Azul on the Pacific Coast of
Mexico."
Glatch will continue to report to Justin
Bird, chief executive officer of Sempra LNG. She also
will continue to serve as the board chair for Cameron LNG and lead
Sempra LNG's sustainability initiatives. Her appointment builds further on the Sempra LNG's
leadership team's broad-based expertise in project development,
marketing, financing, engineering and construction, as well as
commercial and stakeholder engagement.
"I'm honored for the opportunity to help lead this talented team
as we move into full commercial operations at Cameron LNG and
advance our other prospects and projects," said Lisa Glatch. "Our mission to be North America's premier LNG infrastructure
company is a bold one and I couldn't be more excited about the
progress we are making as we continue to unlock access to global
markets through strategically located facilities."
With more than 30 years of experience, Glatch joined Sempra
Energy in 2018 as strategic initiatives officer and then joined
Sempra LNG as chief operating officer, applying best practices in
completing Cameron LNG construction and progressing Sempra LNG's
proposed Energía Costa Azul LNG and Port Arthur LNG projects under
development. Previously, Glatch held board and senior executive
positions in business development, operations, and project
management at CH2M, Jacobs and Fluor, global engineering,
construction and technical services firms serving the energy
market.
About Sempra LNG
Sempra LNG's mission is to be North
America's premier LNG infrastructure company by providing
sustainable, safe and reliable access to U.S. natural gas for
global markets. Sempra LNG owns a 50.2% interest in Cameron
LNG, a 12 million tonnes per annum (Mtpa) export facility operating
in Hackberry, Louisiana and is
currently developing additional LNG export facilities on the Gulf
Coast and Pacific Coast of North
America through Cameron LNG expansion, Port Arthur LNG in
Texas and Energía Costa Azul LNG
in Mexico. Through our disciplined value creation process,
Sempra LNG evaluates expansion opportunities at each of these
locations and other infrastructure investments along the LNG value
chain.
This press release contains statements that are not
historical fact and constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are based on assumptions with
respect to the future, involve risks and uncertainties, and are not
guarantees of performance. Future results may differ materially
from those expressed in the forward-looking statements. These
forward-looking statements represent our estimates and assumptions
only as of the date of this press release. We assume no obligation
to update or revise any forward-looking statement as a result of
new information, future events or other factors.
In this press release, forward-looking statements can be
identified by words such as "believes," "expects," "anticipates,"
"plans," "estimates," "projects," "forecasts," "should," "could,"
"would," "will," "confident," "may," "can," "potential,"
"possible," "proposed," "target," "pursue," "outlook," "maintain,"
or similar expressions, or when we discuss our guidance, strategy,
goals, vision, mission, opportunities, projections or
intentions.
Factors, among others, that could cause our actual results
and future actions to differ materially from those described in any
forward-looking statements include risks and uncertainties relating
to: decisions, investigations, regulations, issuances of permits
and other authorizations, and other actions by (i) the U.S.
Department of Energy and other regulatory and governmental bodies
and (ii) states, cities, counties and other jurisdictions in
the U.S., Mexico and other
countries in which we operate or do business; the success of
business development efforts, construction projects and major
acquisitions and divestitures, including risks in (i) the ability
to make a final investment decision and completing construction
projects on schedule and budget, (ii) obtaining the consent of
partners, (iii) counterparties' financial or other ability to
fulfill contractual commitments, (iv) the ability to complete
contemplated acquisitions, and (v) the ability to realize
anticipated benefits from any of these efforts once completed; the
impact of the COVID-19 pandemic on our (i) ability to commence and
complete capital and other projects and obtain regulatory
approvals, (ii) supply chain and current and prospective
counterparties, contractors, customers, employees and partners,
(iii) liquidity, resulting from bill payment challenges experienced
by our customers, decreased stability and accessibility of the
capital markets and other factors, and (iv) ability to sustain
operations and satisfy compliance requirements due to social
distancing measures or if employee absenteeism were to increase
significantly; the resolution of civil and criminal litigation,
regulatory investigations and proceedings and arbitrations; actions
by credit rating agencies to downgrade our credit ratings or to
place those ratings on negative outlook and our ability to borrow
at favorable interest rates; moves to reduce or eliminate reliance
on natural gas and the impact of the extreme volatility and
unprecedented decline of oil prices on our businesses and
development projects; weather, natural disasters, accidents,
equipment failures, computer system outages and other events that
disrupt our operations, damage our facilities and systems, cause
the release of harmful materials, cause fires and subject us to
liability for property damage or personal injuries, fines and
penalties, some of which may not be covered by insurance (including
costs in excess of applicable policy limits), may be disputed by
insurers or may impact our ability to obtain satisfactory levels of
affordable insurance; cybersecurity threats to storage and pipeline
infrastructure, the information and systems used to operate our
businesses, and the confidentiality of our proprietary information
and the personal information of our customers and employees;
expropriation of assets, the failure of foreign governments and
state-owned entities to honor the terms of contracts, and property
disputes; volatility in foreign currency exchange, interest and
inflation rates and commodity prices and our ability to effectively
hedge the risk of such volatility; changes in trade policies, laws
and regulations, including tariffs and revisions to or replacement
of international trade agreements, such as the newly effective
United States-Mexico-Canada
Agreement, that may increase our costs or impair our ability to
resolve trade disputes; the impact of changes to U.S. federal and
state and foreign tax laws and our ability to mitigate adverse
impacts; and other uncertainties, some of which may be difficult to
predict and are beyond our control.
These risks and uncertainties are further discussed in the
reports that Sempra Energy has filed with the U.S. Securities and
Exchange Commission (SEC). These reports are available through the
EDGAR system free-of-charge on the SEC's website,
www.sec.gov, and on the company's website at
www.sempra.com. Investors should not rely unduly on any
forward-looking statements.
Sempra LNG, Cameron LNG, Port Arthur LNG and ECA LNG are not
the same company as San Diego Gas & Electric (SDG&E) or
Southern California Gas Company (SoCalGas), and Sempra LNG, Cameron
LNG, Port Arthur LNG and ECA LNG are not regulated by the
California Public Utilities Commission.
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SOURCE Sempra LNG