03:06 PM EDT, 05/13/2024 (MT Newswires) -- Sempra ( SRE ) is reconsidering the selection of Bechtel to build its Cameron LNG expansion project in Louisiana amid rising construction and labor costs, Reuters reported Monday, citing two people familiar with the matter.

Sempra ( SRE ) is looking for an engineering procurement and construction contractor for the expansion project, one of the people said, according to Reuters.

Sempra ( SRE ) and Bechtel declined to comment on the status of the construction contract, the report said.

Sempra ( SRE ) and Bechtel didn't immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 77.24, Change: +0.05, Percent Change: +0.07