San Diego-based Sempra said last week that its 70 percent-owned subsidiary Sempra Infrastructure Partners reached final investment decision to develop, construct and operate Port Arthur LNG phase I in Jefferson County. ConocoPhillips has 30 percent interest in the project that has an estimated capital budget of $13 billion. Jeffrey W. Martin, Sempra chairman and CEO, said March 20, “With strong customers, top-tier equity sponsors in ConocoPhillips and KKR, and world class contractor in Bechtel Energy, this project has the potential to become one of America’s most significant energy infrastructure investments over time while creating jobs and spurring continued economic growth across Texas and the Gulf Coast region.”
The Port Arthur LNG project is fully permitted and designed to include two natural gas liquefaction trains, two LNG storage tanks, and associated facilities with nameplate capacity of about 13 million tonnes per year. Expected dates for beginning of commercial operations are 2027 for Train 1 and 2028 for Train 2.