Sempra's Port Arthur LNG Phase 2 Progressing Faster than Cameron LNG Expansion, CFO Says
11.11.2024 By Tank Terminals - NEWS

November 11, 2024 [Pipeline and Gas Journal]- Sempra Infrastructure’s Port Arthur LNG Phase 2 project development is running ahead of its Cameron LNG expansion in Louisiana, finance chief Karen Sedgwick said on Wednesday.

 

The Port Arthur project in Texas is advancing faster due to a continuous construction agreement with contractor Bechtel that runs across both its phases, Sedgwick told investors on a conference call.

Talks on LNG purchases and equity agreements for the project are ongoing, she said, adding the timing for a financial go-ahead for the Cameron expansion “is uncertain.”

Port Arthur Phase 2 could receive its non-Free Trade Agreement export permit early next year, Sedgwick said.

The company is seeing better terms since it signed a 20-year non-binding agreement to supply 5 million metric tons per annum (MTPA) of the super chilled gas to Saudi Aramco and the Saudi giant agreed to take a 25% equity stake in the project, said Sempra Infrastructure CEO Justin Bird.

Port Arthur Phase 2 was one of the projects affected by a decision by President Joe Biden’s administration to pause reviews of LNG export permits for economic and environmental reasons.

President-elect Donald Trump has promised to do away with the pause when he takes office in January.

“We have growing confidence in getting the permits we need for Port Arthur Phase 2 in the first half of next year,” Sempra CEO Jeffrey Martin said on the earnings call.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Universal Fine Chemicals SPC Beaks Ground on World’s Second-Largest Polymer Manufacturing Plant at Sohar Port and Freezone
12.10.2024 - NEWS
December 10, 2024 [Sohar Port Freezone]- Under the patronage of His Excellency Sultan bin Salim A... Read More
EGAS Signs Regasification Service Agreement with the Supplier of the Second Floating Regasification Unit
12.10.2024 - NEWS
December 10, 2024 [EGAS]- As part of the Egyptian Natural Gas Holding Company’s (EGAS) strategy... Read More
Air Liquide Receives EU Support to Develop the First Large-Scale Project for the Production, Liquefaction, and Distribution of Low Carbon and Renewable Hydrogen from Ammonia
12.10.2024 - NEWS
December 10, 2024 [Air Liquide]- Air Liquide has been awarded a grant of 110 million euros from t... Read More
Yara Starts Production of Renewable-Based Ammonia in Brazil
12.10.2024 - NEWS
December 10, 2024 [Yara]- The first in Brazil, Yara now produces ammonia made from renewable biom... Read More