Sempra launches the Port Arthur LNG project

摘要

Sempra has announced that its 70-owned subsidiary, Sempra Infrastructure Partners, reached a positive final investment decision for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips, as well as announced an agreement to sell an indirect, non-controlling interest in the project to an infrastructure fund managed by KKR. Additionally, Sempra Infrastructure announced the closing of the project's EUR 6.2B non-recourse debt financing and the issuance of the final notice to proceed under the project's engineering, procurement and construction agreement.