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
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
