Sempra Energy will spend $130 million building a liquid fuel export terminal at Ensenada, Mexico. That follows the signing of an offtake deal for its Veracruz terminal last August. Yet, Mexican fuel exports fell 37% in the three months to February 28. That’s been due to refinery problems at Pemex, which should turn around during the second quarter. In the meantime imports climbed 5% over the same period, and were 5.9x exports in the past 12 months.