1$ billion liquified gas terminal in Baja California.

Mexican President Felipe Calderón joined executives of Sempra Energy yesterday to inaugurate the San Diego company's $1 billion liquefied natural gas terminal in Baja California, which is expected to pump fuel to consumers on both sides of the border by early next year.

Those benefits will extend to the United States as well, said Donald Felsinger, Sempra's chairman and chief executive.

“This is a momentous and historic occasion both for Sempra Energy and the people of Baja California,” he told several hundred people who gathered at the plant for the early-afternoon ceremony. “What we have accomplished here will reshape the way energy is delivered on our continent.”