EQT to Buy LNG From Sempra’s Port Arthur Phase 2 Project

Sempra’s Port Arthur Phase 2 project won U.S. approval in May to export LNG to markets in Europe and Asia.

Last week, Sempra signed an agreement with shale producer ConocoPhillips to supply 4 mtpa of LNG from the Port Arthur LNG Phase 2 project.

Under the agreement, EQT will buy LNG over a 20-year period on a free-board basis at a price indexed to Henry Hub.

Sempra still expects to make a final investment decision on the Port Arthur LNG Phase 2 project in 2025.

(Reporting by Katha Kalia in Bengaluru; Editing by Devika Syamnath)