- Sempra Infrastructure, a subsidiary of Sempra ( NYSE: SRE ) has entered into a long-term sale and purchase pact with RWE Supply & Trading, a subsidiary of RWE ( OTCPK:RWEOY ) for the supply of ~2.25M tonnes per annum of liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project under development in Jefferson County, Texas.
- The LNG will be delivered on a free-on-board basis for 15 years.
- The pact also provides a framework to explore ways to lower the carbon intensity of LNG produced from the Port Arthur LNG Phase 1 project through GHG emission reduction, mitigation strategies and a continuous improvement approach.
- The company is focused on completing the remaining steps necessary to achieve its goal of making a final investment decision for Phase 1 of the liquefaction project in the first quarter of 2023, with first cargo deliveries expected in 2027.
- 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 ~13.5 Mtpa of LNG.
- A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development.
For further details see:
Sempra Infrastructure and RWE sign heads of pact for U.S. LNG supply