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Sempra and ConocoPhillips Extend Partnership with Offtake Agreement for Port Arthur LNG Phase 2
Prnewswireยท 2025-08-21 12:30
Core Viewpoint - Sempra Infrastructure and ConocoPhillips have signed a 20-year sale and purchase agreement for 4 million tonnes per annum (Mtpa) of LNG from the Port Arthur LNG Phase 2 project, highlighting the growing role of U.S. LNG in global energy security [1][2]. Group 1: Project Details - The Port Arthur LNG Phase 2 project will include two liquefaction trains with a production capacity of approximately 13 Mtpa, increasing the total capacity of the facility to about 26 Mtpa [3]. - ConocoPhillips previously secured 5 Mtpa of offtake capacity for 20 years from the Phase 1 project, where it holds a 30% equity stake [2]. - In July 2025, Sempra Infrastructure entered into another 20-year SPA with JERA Co. Inc. for 1.5 Mtpa of LNG offtake from the Phase 2 project [4]. Group 2: Regulatory and Development Progress - The project has received all major permits, including approval from the Federal Energy Regulatory Commission in September 2023 and export authorization from the U.S. Department of Energy in May 2025 [5]. - Bechtel has been selected for the engineering, procurement, and construction of the Port Arthur LNG Phase 2 facility [6]. Group 3: Strategic Importance - The partnership between Sempra and ConocoPhillips aims to connect U.S. natural gas producers with growing international markets, contributing to economic growth and job creation domestically [2]. - Sempra's ongoing initiatives for 2025 focus on unlocking value in the LNG sector, positioning the company for future growth and long-term shareholder value [8].