Sempra Energy subsidiary enters SPA with Ineos for LNG supply

Sempra Infrastructure, a subsidiary of Sempra, announced it has entered into a long-term sale and purchase agreement, or SPA, with Ineos, for the supply of liquefied natural gas, or LNG, from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, Ineos has agreed to purchase approximately 1.4M tons per annum of LNG delivered free-on-board from the proposed Phase 1 liquefaction project for a term of 20 years. Additionally, the companies have signed a non-binding heads of agreement for INEOS’ potential purchase of an additional 0.2 Mtpa from the Port Arthur LNG Phase 2 project under development.