Asian and European buyers of liquefied natural gas (LNG) are continuing the trend of snapping up long-term offtake agreements in a bevy of deals this week.

Sempra Infrastructure said Wednesday it has reached a preliminary agreement with a subsidiary of Germany utility RWE AG. 

The San-Diego-based energy company’s LNG arm could deliver 2.25 million metric tons/year (mmty) of fuel on a free-on-board (FOB) basis to RWE for 15 years from its proposed Port Arthur LNG project in Southeast Texas near Houston. Port Arthur is still unsanctioned after several delays. Sempra Infrastructure CEO Justin Bird said the agreement with RWE meant “significant progress” for the project.

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to NGI’s...