Sempra Infrastructure Partners has officially launched its Port Arthur LNG Phase 1 project in Jefferson County, Texas.
The company reached a positive final investment decision (FID) for the development, construction and operation of the project in March, and closed the project's $6.8 billion nonrecourse debt financing and the issuance of the final notice to proceed under the project's engineering, procurement and construction agreement.
Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips and announced an agreement to sell an indirect, noncontrolling interest in the project to an infrastructure fund managed by KKR.
The Port Arthur LNG Phase 1 project is fully permitted and is designed to include two natural gas liquefaction trains, two LNG storage tanks and associated facilities with a nameplate capacity of 13 million metric tons per year. Total capital expenditures for the Port Arthur Phase 1 project are estimated at $13 billion.
