Sempra, through its 70%-owned subsidiary Sempra Infrastructure, has announced a final investment decision (FID) for the first development phase of the Port Arthur LNG project in Texas, United States.
The facility in Jefferson County will be developed, built and operated by Sempra in partnership with ConocoPhillips, which holds the remaining 30% stake of Sempra Infrastructure.
The joint venture closed a non-recourse debt financing for the project of US$6.8bn. Total investment for this initial phase is calculated at US$13bn.
Port Arthur LNG is already completely licenced to proceed to the engineering, construction and procurement (EPC) phase. Phase 1 will cover the installation of two natural gas liquefaction trains and two storage tanks. It will have an estimated capacity of 13 million tonnes per annum (mtpa).
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