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Sempra Energy launches Port Arthur LNG project
The Fly

Sempra Energy launches Port Arthur LNG project

Sempra (SRE) announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, reached a positive final investment decision for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (COP), as well as announced an agreement to sell an indirect, non-controlling interest in the project to an infrastructure fund managed by KKR. Additionally, Sempra Infrastructure announced the closing of the project’s $6.8B non-recourse debt financing and the issuance of the final notice to proceed under the project’s engineering, procurement and construction agreement. The Port Arthur LNG Phase 1 project is fully permitted and is designed to include two natural gas liquefaction trains, two liquefied natural gas storage tanks and associated facilities with a nameplate capacity of approximately 13M tonnes per annum. Total capital expenditures for the Port Arthur Phase 1 project are estimated at $13B.

Published first on TheFly

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