It’s been a busy month for Port Arthur LNG, which has announced a new wave of agreements as it prepares to launch the construction phase of its multibillion-dollar project early next year.
Sempra said it expects to reach a final investment decision, which is a precursor to construction, during the first quarter of next year. It aims to launch the 13.5 million metric ton facility in 2027.Port Arthur LNG has signed a long-term contract with French utility Engie, the liquefied natural gas project'sUnder the 15-year agreement announced Tuesday, Engie will buy 875,000 metric tons of LNG annually from the facility in Port Arthur.
Sempra said it expects to reach a final investment decision, a precursor to construction of the Port Arthur plant, during the first quarter of next year. It aims to launch the 13.5 million metric ton facility in 2027.
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