ConocoPhillips (COP), Sempra Energy Finalize Port Arthur LNG JV

ConocoPhillips' COP joint venture (JV) with energy services holding company Sempra Energy SRE has been finalized for the Port Arthur liquefied natu...

March 22, 2023
7:42 PM

ConocoPhillips' COP joint venture (JV) with energy services holding company Sempra Energy SRE has been finalized for the Port Arthur liquefied natural gas ('LNG') export project in Texas. Sempra Energy reached a final investment decision to develop and operate the first phase of Port Arthur LNG in Jefferson County, which will involve two liquefaction trains, LNG storage tanks and associated facilities. The project is expected to produce up to 13.5 million tons per annum of LNG. About 10.5 million tons per annum of the project's LNG capacity is fully subscribed under long-term contracts with buyers, including ConocoPhillips and other offtakers.

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