For more information about Sempra Infrastructure, please visitwww.SempraInfrastructure.comandTwitter. The Port Arthur LNG Phase 1 project is fully permitted and is designed to include two natural gas liquefaction trains, two liquefied natural gas (LNG) storage tanks and associated facilities with a nameplate capacity of approximately 13 million tonnes per annum (Mtpa). The Port Arthur LNG Phase 1 project is fully permitted and is designed to include two natural gas liquefaction trains, two liquefied natural gas (LNG) storage tanks and associated facilities with a nameplate capacity of approximately 13 million tonnes per annum (Mtpa). SAN DIEGO,March 20, 2023/PRNewswire/ Sempra(NYSE: SRE) (BMV: SRE) today announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure), reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project inJefferson County, Texas. Forward-looking statements are not guarantees of performance. Sempra Infrastructure announced an agreement whereby KKR will acquire a 25% to 49% indirect, non-controlling interest in the Port Arthur LNG Phase 1 project. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Sempra Reaches FID for Port Arthur LNG Project - JPT ConocoPhillips has more than 60 years of experience with LNG, and we look forward to continuing to build our LNG portfolio and expanding our role in delivering a lower-carbon future that strengthens U.S. and global energy security.. Saudi Aramco Buys Into Port Arthur LNG - JPT "Phase 1 will create new jobs, support American economic growth and deliver reliable and cleaner energy during the global energy transition. Port Arthur LNG LLC is developing Sempras Port Arthur LNG project, which will consist of a liquefaction and export terminal in southeast Texas with direct access to the U.S. Gulf of Mexico. Additionally, Sempra Infrastructure announced the closing of the project's $6.8 billion non-recourse debt financing and the issuance of the final notice to proceed under the project's engineering, procurement and construction agreement. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Stay up to date with news and updates on the development of project and local community activities. Citi advised Sempra on various aspects of . Port Arthur LNG Demand for natural gas and specifically for Liquefied Natural Gas (LNG) is increasing as the world looks for lower cost. Sempra Infrastructure, an affiliate of San Diego-based Sempra, plans to take a final investment decision (FID) on Phase 1 of its two-train 13.5 million ton per annum Port Arthur LNG project in the first quarter of 2023. PALNG has committed to Jefferson County and Port Arthur to hire local whenever possible and use local goods and services for its needs, he said in the earlier interview. Additionally, Sempra Infrastructure closed its joint venture with ConocoPhillips, with the US independent acquiring a 30% non-controlling interest in the project and is purchasing 5 mtpa of LNG offtake from the project under a 20-year sale and purchase . Expanding LNG is imperative to American energy security, and theState of Texaslooks forward to working alongside Sempra to advance this mission and bring more jobs and greater opportunities to hardworking Texans.. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. Sempra Eyes Port Arthur LNG FID in Early 2023 | Hart Energy The project, which will include two phases, would be a low-cost liquefaction facility. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-GAAP financial measure (GAAP is generally accepted accounting principles). HOUSTON, Oct. 20, 2022 - Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that Port Arthur LNG and Bechtel Energy have amended and restated the fixed-price engineering, procurement and construction (EPC) contract, for the proposed Phase 1 liquefaction project under development in Jefferson County, Texas. The amended EPC between Port Arthur LNG and Bechtel Energy includes an updated price of approximately $10.5 billion, Sempra said last month. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, nor regulated by the CPUC. Greg Abbott. Updated Bechtel Port Arthur LNG Deal Worth $10.5B | Rigzone The deal, which includes a 20-year sale and purchase agreement for 5 mtpa of LNG, is Saudi Arabia's first known non-binding agreement to buy LNG, as the country looks to . and the completion of construction of Port Arthur LNG Phase 1 is subject . About us - Port Arthur LNG Chrysler parent Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, documents seen on Friday by Reuters show. Sempra is a leading North American energy infrastructure company that helps meet the daily energy needs of nearly 40 million consumers. SAN DIEGO, March 20, 2023 /PRNewswire/ --Sempra(NYSE: SRE) (BMV: SRE) today announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure), reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. Sempra's mission is to be North America's premier energy infrastructure company. May 5 (Reuters) - U.S. energy company Sempra Energy (SRE.N) will probably move its planned final investment decision (FID) on the Port Arthur liquefied natural gas export plant in Texas from 2021 to 2022, company executives told analysts in a conference call on Wednesday. This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors should not rely unduly on any forward-looking statements. 2023-04-25 - Occidental and ET Power LLC has increased their investments in Rice Acquisition Corp. by $625 million. Citi advised Sempra on various aspects of the transaction and J.P. Morgan Securities LLC acted as advisor on the project financing. The Phase 1 project is another significant opportunity to expand Sempra Infrastructures economic impact. The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks, and associated facilities capable of producing, under. These risks and uncertainties are further discussed in the reports that Sempra has filed with the Securities and Exchange Commission. Creamos valor para el accionista generando resultados predecibles, claros y sostenibles. This website contains statements that are not historical fact and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Sempra Infrastructure believes that building strong relationships and supporting the communities where its employees live and work is fundamental to how it does business. With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions that are expected to play a crucial role in the energy systems of the future. We have made significant progress on advancing development at Port Arthur LNG, where we now expect to take a final investment decision on Phase 1 in the first quarter of next year, Sempra Chairman and CEO Jeffrey W. Martin said Nov. 3 in a press release related to companys third-quarter earnings. Sempra or its subsidiaries undertake no obligation to update or revise these forecasts or projections or other forward-looking statements, whether as a result of new information, future events or otherwise. Citi advised Sempra on various aspects of the transaction and J.P. Morgan Securities LLC acted as advisor on the project financing. Through the combined strength of its assets in North America, the company is dedicated to enabling the delivery of cleaner energy for its customers. That work, which began in November 2019, includes the relocation of 3.5 miles of Texas 87 in Sabine Pass, also known as Phase 1. Twitter: @PietroDPitts. May 5 (Reuters) - U.S. energy company Sempra Energy (SRE.N) will probably move its planned final investment decision (FID) on the Port Arthur liquefied natural gas export plant in Texas from. Since 2015, Port Arthur LNG has invested more than$40 millionto supportJefferson Countycommunities, including working with local vendors to procure materials and services for the relocation of a 3.5-mile portion of Highway 87 and on grants to more than 60 local non-profits, schools and business development groups. That projected growth rate, however, is much lower than the 11%-12% annual increases seen in 2017-2019, according to data provider Refinitiv and other sources. Entering text into the input field will update the search result below, selling a 30% stake in the project's first phase to ConocoPhillips in June. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. The 5,000 construction jobs this project creates will provide outstanding opportunities for craft professionals growing a skilled workforce that will benefit the region for years to come.. Column: This is how Port Arthur celebrated Tourism Week Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. SAN DIEGO Sempra announced Monday its 70 percent-owned subsidiary, Sempra Infrastructure Partners, reached a positive final investment decision for the development, construction and operation of. Investors should not rely unduly on any forward-looking statements. Investors should not rely unduly on any forward-looking statements. Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energtica Nova, S.A.P.I. Cision Distribution 888-776-0942 As the owner of one of the largest energy networks on the continent, Sempra is helping to electrify and decarbonize some of the world's most significant economic markets, including California, Texas, Mexico and the LNG export market. FERC grants more time for Port Arthur LNG project completion Sempra Launches Port Arthur LNG Project In December 2018, Port Arthur LNG, LLC and the Polish Oil & Gas Company (PGNiG) announced they had agreed on a 20-year sale-and-purchase agreement for supply of LNG. "We are pleased to invest in this critical energy infrastructure project and extend our strategic partnership with Sempra and their world-class team," said James Cunningham, Partner at KKR. Future results may differ materially from those expressed in the forward-looking statements. Future results may differ materially from those expressed or implied in any forward-looking statement. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (NYSE: COP), as well as announced an agreement to sell an indirect, non-controlling interest in the project to an infrastructure fund managed by KKR. Consistent with KKR Infrastructures strategy of seeking stable and predictable returns for investors, our investment in Phase 1 is backed by robust cash flows through long-term contracts with high-quality counterparties.. Sempra Infrastructure has contracted with global engineering, construction and project management firm Bechtel Energy Inc. and has issued a final notice to proceed for the project. Assembling and providing more than 400 COVID-19 safety kits for students in the Sabine Pass school district; Providing funds so educators can purchase 3-D printers and create face masks for teachers and first responders; Giving local non-profits a combined $80,000 to fund food, shelter and bill payment during the holidays; Planting more than 200 trees at Sea Rim State Park for migrating birds; Awarding $350,000 to non-profits in Jefferson and Orange counties for COVID-19 and storm relief and recovery; Opening a holiday drive that funded the membership of 120 girls from the Port Arthur area into the Girl Scouts of San Jacinto; And partnering with the United Board of Missions, Port Arthur Police Departments Blue Santa program, and Crime Stoppers of Southeast Texas, among others. Please. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise. The Phase 1 project is another significant opportunity to expand Sempra Infrastructure's economic impact. Global LNG demand has increased every year since 2012 and hit record highs every year since 2015 mostly due to fast-rising demand in Asia. The Sempra-led (NYSE:SRE) Port Arthur LNG export project and related pipeline in Texas were awarded more than four additional years for completion to June 2028, the U.S. Federal Energy Regulatory Commission said in a filing late Thursday. In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. "We have made significant progress on advancing development at Port Arthur LNG, where we now expect to take a final . Exclusive news, data and analytics for financial market professionals, Reporting by Sabrina Valle Prices for top E&P stocks and commodities. 2023-04-27 - Matador expects a boost in production from its $1.6 billion Permian Basin acquisition and touts new horseshoe wells as first-quarter results came in above expectations. Sempra Infrastructure has contracted with global engineering, construction and project management firm Bechtel Energy Inc. and has issued a final notice to proceed for the project. The permit, upon in the title line, or ''Port Arthur LNG, LLC Change in Control'' in the title line. See here for a complete list of exchanges and delays. Will ConocoPhillips Play Spoiler to Suncors $4B TotalEnergies Deal? Port Arthur LNG Phase 2 would expand the liquefaction-export project with two additional liquefaction trains (Trains 3 and 4) capable of producing an additional 13.5 mtpa under optimal conditions. Through the combined strength of its assets in North America, the company is dedicated to enabling the delivery of cleaner energy for its customers. 2023-05-05 - ConocoPhillips is carefully reviewing its first refusal rights in Surmont right of refusal to buy out partner TotalEnergies Surmont project as Suncor looks to buy TotalEnergies EP Canada for $4 billion. and the completion of construction of Port Arthur LNG Phase 1 is subject to a number of risks and uncertainties. Sempra's share of the above estimates would be equal to 70% of these amounts. California-based Sempra looks to take final investment decision (FID) on its Port Arthur LNG project Phase 1 in Jefferson County in southeast Texas in the first quarter of 2023. But in recent years, global gas buyers have been slow to sign new long-term contracts needed to finance the multibillion-dollar projects due to overbuilding of LNG export terminals in 2019, coronavirus demand destruction and the collapse of global natural gas prices , in 2020, and the U.S.-China trade war during U.S. President Donald Trump's administration. Sempra and ConocoPhillips closed their joint venture whereby an affiliate of ConocoPhillips has acquired a 30% non-controlling interest in the project, is purchasing 5 Mtpa of LNG offtake from the project under a 20-year sale and purchase agreement and is managing the project's overall natural gas supply requirements. "We are pleased to invest in this critical energy infrastructure project and extend our strategic partnership with Sempra and their world-class team," said James Cunningham, Partner at KKR. 15-53-LNG, and to Non-FTA counties in Docket . (Source: Wirestock Creators / Shutterstock.com). Pictured is Sempras logo and web page seen through the lens of a mobile phone. In this press release, forward-looking statements can be identified by words such as believes, expects, intends, anticipates, contemplates, plans, estimates, projects, forecasts, should, could, would, will, confident, may, can, potential, possible, proposed, in process, construct, develop, opportunity, initiative, target, outlook, optimistic, maintain, continue, progress, advance, goal, aim, commit, or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.
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