Sempra inks final EPC for Port Arthur LNG
Sempra Infrastructure said October 20 it had signed an amended and restated fixed-price engineering, procurement and construction (EPC) contract with Bechtel for the 13.5mn metric tons/year first phase of its Port Arthur LNG project in Texas, which includes an updated price of about $10.5bn.
“The execution of the final contract is a critical step in advancing Phase 1 of Port Arthur LNG toward a final investment decision,” Sempra Infrastructure CEO Justin Bird said. “Based on robust customer interest, we know that Port Arthur LNG is highly attractive to the global market and we look forward to providing customers with access to secure, abundant and reliable US LNG.”
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Last week, federal regulators extended the completion deadline for the Port Arthur project by 50 months, to June 2028.
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. Phase 2, under active marketing and development, would increase total capacity to 27mn mt/yr.
Although a final investment decision has not yet been made 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, Germnay’s RWE Supply & Trading, INEOS Energy Trading and US major ConocoPhillips.