Sempra Infrastructure, a subsidiary of Sempra, has entered into a long-term sale and purchase agreement (SPA) with INEOS, for the supply of liquefied natural gas (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 1.4 million metric tons per year of LNG delivered free-on-board from the proposed Phase 1 liquefaction project for a term of 20 years. In addition, the companies have signed a non-binding heads of agreement for INEOS’ potential purchase of an additional 0.2 million metric tons per year from the Port Arthur LNG Phase 2 project under development.
“We are excited to finalize our commercial relationship with INEOS as a valued long-term LNG off-taker from the Port Arthur LNG Phase 1 development project,” said Justin Bird, CEO of Sempra Infrastructure. “We look forward to advancing this project so we can begin delivering new supplies of U.S. LNG to our Euro
