Sempra secures 20-year LNG sales agreement with Petrobras for Texas project
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Sempra's infrastructure subsidiary announced a 20-year sales and purchase agreement on September 14 regarding its LNG project in Texas. The agreement names Petróleo Brasileiro S.A. - Petrobras as the long-term customer. This contract covers approximately 0.8 million tonnes annually of liquefied natural gas, sourced from the Port Arthur LNG Phase 2 facility. The project is currently under construction, with commercial operations anticipated to begin in 2030 and 2031.
From yahoo.com
Why it matters
The agreement establishes a long-term commercial relationship between the two companies, with Petrobras becoming the infrastructure subsidiary's first South American LNG customer. For Sempra, the contract adds revenue visibility to its portfolio and secures a buyer for a portion of the facility's capacity.
From yahoo.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.