The development of Phase 2 of the Port Arthur LNG project project in Texas has just received a key boost with the signing of a purchase and sale agreement by Sempra Infrastructure and ConocoPhillips. It is a 20-year contract for the purchase of 4 million tons per annum (Mtpa) of liquefied natural gas, cementing both companies as major players in the export of energy from the Gulf Coast.
ConocoPhillips had already participated in Phase 1 of the project with a 30% investment and extraction rights for 5 Mtpa. Now, the company is expanding its participation as purchaser in Phase 2, which contemplates the construction of two additional liquefaction trains with an estimated capacity of 13 Mtpa. In this way, the complex reached a total projection of up to 26 Mtpa.
Port Arthur LNG drives energy transition
[post_relacionado]Located in Jefferson County, the project has all the federal approvals to export gas to the United States. export gas to countries without free trade agreements with the U.S. This includes permits from FERC and the Department of Energy. This includes permits from FERC and the Department of Energy, which strengthens its international appeal. In addition, companies such as JERA have also closed similar deals, increasing global interest in this strategic node.
For the execution of Phase 2, Sempra has entrusted Bechtel as the contractor responsible for design, procurement and construction. This alliance is intended to ensure the efficient delivery of the project, which is expected to start operations after the final investment decision scheduled for 2025.
Impact on the international gas market
This agreement represents a firm step towards the consolidation of U.S. LNG as a reliable source of energy for global markets. Both Sempra and ConocoPhillips agree on the importance of having a flexible and resilient supply network in a context of growing demand from allied economies.
The Project Port Arthur LNG Phase 2 project is emerging as one of the pillars of the U.S. energy export strategy, integrating major industry players in a joint effort to expand energy security on a global scale.
Source and photo: Sempra