Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), has signed a significant agreement with Bechtel Energy (Bechtel) to move forward with the Port Arthur LNG Phase 2 project in Texas. This fixed-price contract outlines the Engineering, Procurement, and Construction (EPC) for the project, marking a major step towards its development.

Under the EPC contract, Bechtel will handle the detailed engineering, procurement, construction, commissioning, startup, performance testing, and operator training activities for the project. The agreement also encompasses pre-final investment decision work to ensure project cost and schedule certainty.

The proposed Port Arthur LNG Phase 2 project is strategically positioned and actively marketed. It received authorization from the Federal Energy Regulatory Commission in September 2023 and is set to include two liquefaction trains, each capable of producing approximately 13 Mtpa of LNG. This expansion will boost the facility's total liquefaction capacity from about 13 Mtpa to up to 26 Mtpa.

Source: Chemanalyst