Aramco and sempra announce heads of agreement for equity and offtake from port arthur lng phase 2

Dhahran, saudi arabia , june 26, 2024 /prnewswire/ -- aramco, one of the world's leading integrated energy and chemicals companies, and sempra (nyse: sre) (bmv: sre), one of north america's leading energy infrastructure companies, today announce that their respective subsidiaries have executed a non-binding heads of agreement (hoa) for a 20-year sale and purchase agreement (spa) for liquefied natural gas (lng) offtake of 5.0 million tonnes per annum (mtpa) from the port arthur lng phase 2 expansion project. the hoa further contemplates aramco's 25% participation in the project-level equity of phase 2.
SRE Ratings Summary
SRE Quant Ranking