Sempra Infrastructure and JERA Announce Sale and Purchase Agreement for U.S. LNG from Port Arthur LNG Phase 2

Core Insights - Sempra Infrastructure and JERA Co., Inc. have signed a 20-year sale and purchase agreement for the supply of 1.5 million tonnes per annum of liquefied natural gas from the Port Arthur LNG Phase 2 project in Texas [1][2] - This agreement signifies a commitment to energy security and a lower carbon future through stable LNG supply [2][3] - The Port Arthur LNG Phase 2 project aims to double the liquefaction capacity of the facility from approximately 13 Mtpa to up to 26 Mtpa [4] Company Developments - Sempra Infrastructure is focused on advancing the Port Arthur LNG Phase 2 project towards a final investment decision, enhancing the U.S. role as a preferred LNG supplier [3] - The project has received all key permits and is actively being marketed and developed, with construction expected to begin soon [4][5] - The Port Arthur LNG Phase 1 project is currently under construction and is expected to achieve commercial operation in 2027 and 2028 for its two trains [6] Strategic Relationships - The agreement with JERA establishes a long-term relationship, ensuring reliable access to U.S. natural gas for Japan and the broader Asian market [3] - JERA's commitment to securing a dependable LNG supply aligns with its growth strategy and enhances its LNG portfolio [3][8] - JERA is Japan's largest power generation company and a significant player in the global LNG market, producing one-third of Japan's electricity [8]