Sempra finalizes $10.5 bn EPC contract for LNG project in Texas

Dollar in Green Business

Sempra Infrastructure announced that Port Arthur LNG and Bechtel Energy have revised the price of the EPC contract for the Phase 1 liquefaction project in Jefferson County, Texas to $10.5 billion.

“The execution of the final contract is a critical step in advancing Phase 1 of Port Arthur LNG toward a final investment decision,” said Justin Bird, CEO of Sempra Infrastructure.

Bechtel will perform the engineering, procurement, construction, commissioning, startup, performance testing and operator training activities for Phase 1 of the project.

The Port Arthur LNG Phase 1 project is expected to include two natural gas liquefaction trains and LNG storage tanks, and associated facilities capable of producing, up to approximately 13.5 million tonnes per annum of LNG. A similarly sized Port Arthur LNG Phase 2 project is also under active marketing and development.

Earlier this year, Sempra Infrastructure announced the substantial completion of marketing for Phase 1 of the proposed Port Arthur LNG Project with the signing of non-binding agreements with the Polish Oil & Gas Company (PGNiG), RWE Supply & Trading, INEOS Energy Trading, and ConocoPhillips.