The first phase of the Port Arthur LNG project will have 13.5mn t/yr of capacity
ConocoPhillips buys into Port Arthur LNG
US superindie will also acquire significant offtake volumes and options to invest in further LNG projects under development by new partner Sempra
Superindie ConocoPhillips has signed a heads of agreement (HoA) with US infrastructure firm Sempra to acquire a 30pc equity holding in the Port Arthur LNG project in Texas and LNG offtake for c.5mn t/yr for 20 years. The first, 13.5mn t/yr phase of the development is fully permitted and comprises two liquefaction trains and associated storage facilities. Under the terms of the deal, ConocoPhillips will supply the gas for its portion of offtake from the plant and "may provide additional gas” . The firm also has options to acquire additional equity and offtake from subsequent expansions at Port Arthur, where a “similarly sized Phase 2 is also under development”, and future works may include “l
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
