ConocoPhillips Signs 20-Year LNG Purchase Agreement with Sempra – Oil & Gas 360
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8 Articles
Sempra, ConocoPhillips seal another 20-year Port Arthur LNG SPA
Under the new SPA, ConocoPhillips will buy 4 million tonnes per annum of LNG on a free-on-board basis for 20 years, according to separate statements by the partners. This deal adds to an SPA that the two firms signed back in 2022. ConocoPhillips will buy 5 million tonnes per annum for 20 years from the project’s first phase under the first LNG supply deal. In addition, ConocoPhillips holds a 30 percent equity stake in the first phase of the proj…
ConocoPhillips signs 20-year LNG purchase agreement with Sempra – Oil & Gas 360
(World Oil) – ConocoPhillips has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MMtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure. Under the agreement, ConocoPhillips will offtake LNG over a 20-year term on a free-on-board basis, supporting the company’s ability to reliably deliver natural gas to customers in key global markets.
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