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.