Sempra Infrastructure, a 70%-owned subsidiary of the US LNG developer Sempra, has reached a positive final investment decision (FID) for the development of the 13.5 Mt/year Port Arthur LNG Phase 1 project in Jefferson County, in the US state of Texas. Sempra Infrastructure also announced the closing of the project's US$6.8bn non-recourse debt financing and the issuance of the final notice to proceed under the project's engineering, procurement and construction (EPC) agreement.
Sempra Infrastructure entered into long-term agreements with RWE, ConocoPhillips, INEOS, PKN Orlen and ENGIE for the sale and purchase of approximately 10.5 Mt/year of LNG from the proposed Phase 1 project. The Port Arthur LNG Phase 1 project is expected to include two gas liquefaction trains and LNG storage tanks and associated facilities capable of producing up to approximately 13.5 Mt/year of LNG for a total investment of US$13bn. A similarly sized Port Arthur LNG Phase 2 project is also under active marketing and development.