The first phase of the Port Arthur LNG project will have 13.5mn t/yr of capacity
ConocoPhillips buys into Port Arthur LNG
US superindie will also acquire significant offtake volumes and options to invest in further LNG projects under development by new partner Sempra
Superindie ConocoPhillips has signed a heads of agreement (HoA) with US infrastructure firm Sempra to acquire a 30pc equity holding in the Port Arthur LNG project in Texas and LNG offtake for c.5mn t/yr for 20 years. The first, 13.5mn t/yr phase of the development is fully permitted and comprises two liquefaction trains and associated storage facilities. Under the terms of the deal, ConocoPhillips will supply the gas for its portion of offtake from the plant and "may provide additional gas” . The firm also has options to acquire additional equity and offtake from subsequent expansions at Port Arthur, where a “similarly sized Phase 2 is also under development”, and future works may include “l
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
