Saudi Aramco Gaining Hold in U.S. LNG with Deal to Buy Stake, Supplies from Sempra Port Arthur Project

摘要

State-owned Saudi Arabia Oil Co., aka Aramco, on Wednesday said it has signed a heads of agreement (HOA) to negotiate buying a 25% stake in Phase 1 of Sempra Energy’s natural gas export project in Port Arthur, near Houston. The parties also are fnalizing a 20-year sale and purchase agreement (SPA) for 5 million metric tons/year (mmty) of of- take from the initial phase of the liquefed natural gas (LNG) export project under development.