Sempra Energy

Aramco’s latest MOUs focus on driving innovation and growth across oil, gas, and downstream sectors.

A series of new liquefaction projects along the US Gulf Coast is cutting through industry headwinds and moving toward final investment decisions.

Port Arthur LNG is expected to handle 13 mtpa of liquefied natural gas, with first LNG cargoes expected in 2027.

The deal for 1 mtpa results in the planned initial phase of Port Arthur LNG plant being fully subscribed.

The company also recently secured a long-term deal with ConocoPhillips for 5 mtpa of LNG.

Initial facilities along the Sabine River in Texas will be capable of producing up to 13.5 mtpa of LNG.

Sempra lands partners for a CCS deal in Louisiana, while Shell eyes newbuild ships for CCS transport. An offshore alliance targets floating wind technology, and global hydrogen projects gain momentum in the UAE, Africa, and Brazil.

The LNG carbon-credit plan is just part of the operator’s overall ambition to be a net-zero company by 2050 or sooner.

ECA LNG will connect natural gas supply from Texas and the western US to Mexico and other countries across the Pacific Basin. First production from the project is expected in late 2024.

The LNG market remains a mixed bag heading into Q2. Port Arthur LNG is just the latest to see a delayed FID, while other LNG projects are still moving ahead.