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
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
