Sempra Expected to Make FIDs on Costa Azul and Port Arthur LNG Projects This Year
Posted on Mar 2, 2020 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Sempra Expected to Make FIDs on Costa Azul and Port Arthur LNG Projects This Year
Reuters reports that Sempra Energy (Sempra) is expected to make final investment decisions (FIDs) this year on the proposed Costa Azul LNG export plant in Baja California, Mexico in Q1 2020, and the proposed Port Arthur LNG liquefaction and export terminal in Port Arthur, Texas in Q3 2020. According to the report, Energia Costa Azul LNG has non-binding 20-year agreements with units of Total SA of France and Mitsui & Co and Tokyo Gas Co Ltd of Japan to buy about 0.8 million tonnes per annum (MTPA) of LNG each. Port Arthur LNG is working on agreements with units of Saudi Arabian Oil Co for the purchase of 5 MTPA of LNG and a 25% equity investment in the project, and with Polish Oil & Gas Co to buy 2 MTPA of LNG.