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3w ago

Sempra Infrastructure Finalizes 20-Year LNG Supply Deal With JERA

Securing 1.5 million tonnes per annum from Port Arthur Phase 2 will help advance the project toward a final investment decision.

The logo of JERA Co., Inc., the world's biggest LNG buyer, is displayed at the company office in Tokyo, Japan July 14, 2017. REUTERS/Issei Kato/File Photo
Plants surround the logo of energy infrastructure company Sempra Infrastructure during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
Digital rendering of Port Arthur LNG Project phase 1 and 2; Credit: Sempra

Overview

  • Sempra Infrastructure and JERA have finalized a binding 20-year agreement for 1.5 million tonnes per annum of LNG from Port Arthur Phase 2 on a free-on-board basis.
  • Port Arthur Phase 2 has secured all key permits and plans to include two liquefaction trains capable of producing about 13 million tonnes per annum of LNG.
  • The agreement sets the stage for a final investment decision this year to push Phase 2 into construction and extend U.S. export capacity.
  • The United States led global LNG exports in 2024 with shipments of 11.9 billion cubic feet per day after new export permits were approved.
  • JERA’s pivot towards U.S. LNG reflects efforts to diversify supply sources and address tightening availability of Australian east-coast gas.