July 19, 2024
Conco Phillips buys Stake in Sempra’s Port Arthur LNG Project
– By Godswill Odiong

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By Our Correspondent
Sempra Infrastructure and Conco Phillips have entered into a 20-year sale and purchase agreement for 5 million tonnes per annum(mpta) of LNG produced from Phase 1 of the proposed Port Arthur LNG project, according to FleetMon.

It stated: “The Port Arthur LNG project is an upcoming LNG processing and export facility. The terminal is to be built in Jefferson County, Texas and will have direct access to the Gulf of Mexico. This terminal is expected to become the largest LNG export terminal in North America.

“Energy major Conco Phillips entered into an equity sale and purchase agreement with Sempra, under which it will acquire 30% equity in Phase 1 of the project. The company also signed a supply management agreement whereby Conco Phillips will manage the feed gas supply requirements for Phase 1 of the liquefaction facility.

“Sempra Infrastructure announced last month that it had signed an Engineering, Procurement, and Construction contract with Bechtel Energy for Phase 1. Under this Bechtel will perform the procurement, construction, commissioning, detailed engineering, startup, testing, and operator training for the facility.

“Phase 1 of the Port Arthur LNG project will include 2 natural gas liquefaction trains, storage tanks, and other associated facilities that will make it capable of producing 13mpta of LNG. The second phase of the project is of a similar magnitude and is also being actively developed and marketed.”

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