With its backlog of developing LNG terminal projects hitting successive milestones over the past year, Sempra Infrastructure is poised to make two final investment decisions (FID) this year while gauging interest for the next phase of its Texas project.

The infrastructure and liquefied natural gas arm of San Diego-based Sempra previously disclosed last year that it could be nearing an FID for the Port Arthur LNG project in Texas during 1Q2023. Since then, it has been negotiating the financing for the estimated $10.5 billion project and finished fully marketing available volumes under long-term contracts. It is also looking for other possible equity partners in the project, aiming to reduce its ownership in the project to 20-30%.

Meanwhile, CEO Justin Bird said the firm is...