ConocoPhillips has signed a definitive 20-year sale and purchase agreement (SPA) with Sempra Infrastructure for 4 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) offtake. This volume will come from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas.
This agreement significantly advances ConocoPhillips' global LNG portfolio strategy, building on a prior agreement for 5 Mtpa from Port Arthur LNG Phase 1. The company aims to build a flexible and reliable LNG supply network to meet growing energy demand.
The Port Arthur LNG Phase 2 project is expected to include two liquefaction trains capable of producing approximately 13 Mtpa of LNG, increasing the total facility capacity to up to 26 Mtpa. This expansion is a key component of ConocoPhillips' long-term value proposition in the global energy market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.