Sempra Infrastructure announces 2Mtpa of LNG supply agreement

Sempra Infrastructure, a subsidiary of Sempra (SRE), and EQT (EQT) announced a 20-year definitive sales and purchase agreement, or SPA, for the supply of 2 million tonnes per annum, or Mtpa, of liquefied natural gas, or LNG, offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas. Pursuant to the SPA, EQT will purchase the LNG on a free-on-board basis at a price indexed to Henry Hub. The Port Arthur LNG Phase 2 development project is strategically positioned to help meet global energy demand and has attracted strong interest from prospective LNG buyers. In July 2025, Sempra Infrastructure signed a definitive 20-year SPA with JERA Co., Inc. for 1.5 Mtpa of LNG offtake. Earlier this month, Sempra Infrastructure expanded its strategic alliance with ConocoPhillips with a 20-year SPA for 4 Mtpa of LNG offtake from the proposed project. Future phases are also in the early development stage. Port Arthur LNG Phase 2 is expected to include two liquefaction trains capable of producing approximately 13 Mtpa of LNG, which could increase the total liquefaction capacity of the Port Arthur LNG facility from approximately 13 Mtpa for Phase 1 to up to approximately 26 Mtpa. Port Arthur LNG Phase 1, which is currently under construction, is expected to achieve commercial operations in 2027 and 2028 for trains 1 and 2, respectively. The development of the Port Arthur LNG Phase 2 project remains subject to various risks and uncertainties, including completing the required commercial agreements, securing and/or maintaining all necessary permits, obtaining financing and reaching a final investment decision, among other factors.