LNG

Sempra Energy, the California company operating the Cameron LNG export plant in Louisiana, has signed a fixed-price contract with US engineer Bechtel to construct its second Gulf Coast plant at Port Arthur in Texas to be backed by a subsidiary of Saudi Aramco, the largest oil producing company.

Sempra Energy, the California-based utility and liquefied natural export plant developer, said it signed an accord for Saudi Aramco, the oil company of Saudi Arabia, to take a stake in the proposed Port Arthur LNG project in Texas.