Sempra Infrastructure has formalized an agreement with ConocoPhillips, giving the independent 5 million metric tons/year (mmty) of offtake and a 30% stake in its planned Texas export project east of Houston.

The subsidiary of San Diego-based Sempra disclosed Tuesday that it executed a 20-year sales and purchase agreement (SPA) with ConocoPhillips for supply from Port Arthur LNG. As outlined in a heads of agreement in July, ConocoPhillips also agreed to manage feed gas supply for the first phase of the 13.5 mmty project.

ConocoPhillips CEO Ryan Lance said the new equity stake and addition of liquefied natural gas to market overseas “will further enhance our portfolio as we continue to respond to global demand for reliable supply of natural gas.”

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