Sempra and ConocoPhillips to Partner for Port Arthur LNG
Global demand for reliable sources of natural gas is driving new projects and strategic partnerships in the US. Sempra Infrastructure and ConocoPhillips have announced their partnership has executed a 20-year Sale and Purchase Agreement for five million tonnes per annum of liquefied natural gas from Phase 1 of the proposed Port Arthur LNG project under…
“We are excited to partner with Sempra, and our participation in the Port Arthur LNG project will further enhance our portfolio as we continue to respond to global demand for reliable supply of natural gas,” said Ryan Lance, chairman and chief executive officer of ConocoPhillips. “Sempra has a demonstrated track record of success and shares our commitment to a lower-carbon future.”
The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks, and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 million tonnes per annum of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development.
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