Sempra expects Port Arthur LNG phase 1 FID in Q1 2023
Sempra Infrastructure is targeting a final investment decision (FID) for phase 1 of its Port Arthur LNG project in the first quarter of 2023, its parent company, Sempra, said on November 3 in its third quarter results report.
This follows the company's recent announcement that it has finalised its fixed-price engineering, procurement and construction (EPC) contract for phase 1. Sempra earlier this year announced the substantial completion of marketing for phase 1. Non-binding agreements have been signed with Poland’s PGNiG, Germany's RWE Supply & Trading, INEOS Energy Trading and US major ConocoPhillips.
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Phase 1 of Port Arthur is expected to include two liquefaction trains and LNG storage tanks along with associated facilities supporting the liquefaction of 13.5mn mt/yr of LNG.
A similarly sized Port Arthur LNG phase 2 project is also under active marketing and development, Sempra said. Phase 2 would increase total capacity to 27mn mt/yr.
Sempra Infrastructure continues to advance its Cameron LNG phase 2 project under development and anticipates FID on Train 4 after the front-end engineering and design process is completed, which is currently targeted for the summer of 2023, Sempra added.