Activist Elliot holds fire on Sempra

WOODSIDE Petroleum’s decision to walk away from an option to purchase a 50% stake in Sempra Energy’s Port Arthur LNG project in Texas looks even smarter after Sempra became embroiled in months of internal ructions, which will culminate in a corporate review.

Activist Elliot holds fire on Sempra Activist Elliot holds fire on Sempra Activist Elliot holds fire on Sempra Activist Elliot holds fire on Sempra Activist Elliot holds fire on Sempra

The proposed Port Arthur LNG development could be sold.

The Perth-based LNG giant's managing director, Peter Coleman, said mid-year that the Texas export project had fallen below Woodside's investment return threshold and it could better spend its money