Sempra pens LNG supply deal with RWE
Sempra Infrastructure on December 28 announced it had signed a 15-year agreement with Germany’s RWE for the supply of approximately 2.25mn metric tons/year of LNG from the first phase of the Port Arthur LNG project under development in Jefferson County, Texas.
The LNG will be delivered on a free-on-board. The agreement also provides a framework to explore ways to lower the carbon intensity of LNG produced from the Port Arthur LNG phase one project through GHG emission reduction.
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Sempra Infrastructure recently entered into long-term agreements with ConocoPhillips, INEOS and ENGIE for the sale and purchase of approximately 7.3mn mt/yr of LNG from the proposed project.
The company said it is focused on completing the remaining steps necessary to achieve its goal of making a final investment decision for the first phase of the liquefaction project in the first quarter of 2023, with the first cargo deliveries expected in 2027.
The project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks and associated facilities capable of producing up to approximately 13.5mn mt/yr of LNG. A similarly sized Port Arthur LNG phase two project is also under active marketing and development.