Sempra Infrastructure reported the first phase of its Port Arthur LNG project has reached its required offtake subscription for a final investment decision (FID) after it inked another long-term agreement with a European firm. Polish refiner PKN Orlen SA signed a 20-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied…
RWE ag
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ConocoPhillips Lands 5 MMty of Offtake, 30% Port Arthur LNG Stake in Sempra Agreement
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…
November 23, 2022
Germany Confirms Four FSRUs to Help Displace Russian Gas
The count of floating storage and regasification units (FSRU) headed to Germany has officially risen to four as two of the nation’s major utilities pursue fast-tracked plans to increase liquefied natural gas (LNG) capacity. RWE AG and Uniper SE each have chartered two FSRUs to displace Russian gas with LNG exports from Western allies by…
May 10, 2022
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