Sempra to take Port Arthur LNG Phase 1 FID first-quarter 2023
Sempra Energy will take first-quarter 2023 final investment decision (FID) on its 13.5-million tonne/year (tpy) Port Arthur LNG Phase 1 project in Texas. The company is targeting a 2027 in-service date for the plant.
Last month Sempra finalized its fixed-price engineering, procurement, and construction contract for Port Arthur LNG Phase 1 (OGJ Online, Oct. 20, 2022). A similarly sized Port Arthur LNG Phase 2 project is under active marketing and development.
Sempra also continues to advance its 6.75-million tpy Cameron LNG Phase 2 project and anticipates FID after the front-end engineering and design process is completed, currently targeted for third-quarter 2023. The single-train expansion would boost Cameron’s capacity to more than 20.25 million tpy (OGJ Online, Apr. 4, 2022).
In reference to Port Arthur Phase 2, Sempra chief executive officer Jeffrey Martin noted in the company’s third-quarter 2022 earnings call that “volumes currently committed at Cameron…could be moved over to support Phase 2” and that “roughly 3 [million tpy] of capacity [are] in advanced negotiations." His remarks came in response to an analyst asking about reports that Williams Cos. would be a Port Arthur Phase 2 supplier.
Sempra’s third-quarter 2022 earnings totaled $485 million, versus third-quarter 2021 losses of $648 million.
Christopher E. Smith | Editor in Chief
Christopher brings 27 years of experience in a variety of oil and gas industry analysis and reporting roles to his work as Editor-in-Chief, specializing for the last 15 of them in midstream and transportation sectors.