A subsidiary of Sempra has potentially netted another offtaker for two of its proposed Gulf Coast liquefied natural gas (LNG) projects as a European chemical manufacturer moves to secure natural gas supply.
Sempra Infrastructure, the LNG and renewable infrastructure arm of the San-Diego based company, said it had a 1.4 million metric ton/year (mmty) heads of agreement with a subsidiary of the UK’s Ineos Group Ltd.
Ineos Energy Chairman Brian Gilvary, formerly of BP plc, said the agreement was a “major step forward” for the company during a transformative time for the energy industry.
“Long-term supply from Ineos Energy will help alleviate the structural energy issues in Europe,” Gilvary said.
The latest agreement also could be an entry point to the LNG market for...