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Sempra Energy said Tuesday it has participated in a long-term sales contract with the French power company Engie (OTCPK:ENGIY) to supply liquefied natural gas from the proposed Port Arthur Phase 1 The LNG project is being developed in Texas.
English (OTCPK:ENGIY) will purchase ~875 thousand tons/year of LNG delivered free of charge on board from the proposed liquefaction project for a period of 15 years.
Sempra (NYSE:SRE) also said the agreement provides a framework to explore ways to reduce the carbon intensity of LNG produced from the Port Arthur project through greenhouse gas emission reductions and continuous improvement methodologies.
Port Arthur LNG Phase 1 is authorized and is expected to include two liquefied natural gas trains and LNG storage tanks and associated facilities capable of producing up to 13.5 million tonnes/year of gas. liquefied natural.
Sempra (SRE) recently announced a 20-year supply agreement with ConocoPhillips, which also agreed to buy back 30% of the equity in Phase 1.
