LNG

Dec 20 (LNGJ) - The Port Arthur LNG project in Texas, a subsidiary of California-based utility Sempra Energy, entered into a definitive 20-year sale and purchase agreement to supply the Polish Oil & Gas Company. “While financial terms were not disclosed, the agreement is for the sale and purchase of 2 million tonnes per annum, or approximately 2.7 billion cubic metres,” said Sempra. The cargoes will be on a free-on-board basis whereby the Poles supply their own shipping from the facility to be constructed in Jefferson County, Texas. The Port Arthur project has yet to take its final investment decision for a plant to produce 11 million tonnes per annum and with three LNG storage tanks, two marine berths and associated facilities. “Last month, we began the commissioning phase of our Cameron LNG liquefaction-export facility in Louisiana,” said Jeffrey W. Martin, Chairman and Chief Executive of Sempra. “This agreement, along with the great progress on Cameron LNG, continue to validate our growth strategy,” he added.