Sempra announces strategic partnership with conocophillips for port arthur lng

San diego , nov. 22, 2022 /prnewswire/ -- sempra (nyse: sre) (bmv: sre) today announced that its subsidiary, sempra infrastructure, and conocophillips (nyse: cop) have executed a 20-year sale and purchase agreement (spa) for 5 million tonnes per annum (mtpa) of liquefied natural gas (lng) from phase 1 of the proposed port arthur lng project under development in jefferson county, texas. the parties have also entered into an equity sale and purchase agreement whereby conocophillips will acquire 30% of the equity in phase 1 of port arthur lng, and a natural gas supply management agreement whereby conocophillips will manage the feedgas supply requirements for phase 1 of the proposed liquefaction facility.
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