Today’s LNG offtake and equity announcement with aramco represents an important milestone for the proposed Port Arthur LNG Phase 2 project. This competitively positioned expansion is poised to build off the capabilities of Port Arthur LNG Phase 1 currently under construction to help meet global demand for cleaner fuels. Learn more: https://lnkd.in/eHMUJe5e
Sempra’s Post
More Relevant Posts
-
Visionary | Thought Leader | Collaborator | 5th Generation Texan | Storyteller | Lover of Coffee, Kentucky Bourbon & Cigars
🌟 Exciting News! 🌟 Aramco, a global leader in energy and chemicals, and Sempra, North America's premier energy infrastructure company, have taken a monumental step forward! 🚀 Their subsidiaries have signed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for 5.0 million tonnes per annum (Mtpa) of LNG from the Port Arthur LNG Phase 2 expansion project in Texas. This agreement also includes Aramco's potential 25% equity participation in the project. 🌍 Key Highlights: - **LNG Offtake:** 5.0 Mtpa - **Project Location:** Port Arthur, Texas - **Strategic Partnership:** Aramco's 25% equity participation 🗣️ **Nasir K. Al-Naimi, Aramco Upstream President:** "We are excited to take this next step into the LNG sector. This agreement is a major step in Aramco's strategy to become a leading global LNG player." 🗣️ **Jeffrey W. Martin, Sempra Chairman and CEO:** "The planned expansion of Port Arthur LNG would help facilitate the broad distribution of U.S. natural gas across global energy markets, improving energy security while providing a lower-carbon alternative to coal for electricity production." The Port Arthur LNG Phase 2 project is set to enhance global energy security and resilience, meeting the growing demand for lower-carbon energy sources. 🌱⚡ Stay tuned for more updates on this groundbreaking partnership! #Energy #LNG #Sustainability #GlobalEnergy #Aramco #Sempra #PortArthurLNG #CleanEnergy #EnergySecurity 🌍✨
Sempra and aramco announce a non-binding heads of agreement for LNG offtake and equity in the proposed Port Arthur LNG Phase 2 expansion project. https://lnkd.in/eHMUJe5e
To view or add a comment, sign in
-
-
HOA only, but potentially a huge deal and big move by Aramco into U.S. LNG. Investments by ADNOC and Aramco in U.S. LNG: confidence in long-term gas demand, desire to build a bolt-on business and build portfolios, and confidence in future U.S. projects, especially with incumbents.
Sempra and aramco announce a non-binding heads of agreement for LNG offtake and equity in the proposed Port Arthur LNG Phase 2 expansion project. https://lnkd.in/eHMUJe5e
To view or add a comment, sign in
-
-
This is another milestone investment for ANDOC L&S. These eight new LNG carriers - 10 if options are taken - will be delivered from 2028 and will be time chartered for 20 years to ADNOC Group subsidiaries. These vessels are state of the art ships - delivering the most efficient performance in the fleet. They are both a statement of our expansion ambition, and a demonstration of how shipping can meet its global emissions reduction targets. https://lnkd.in/dUtSnMmK
To view or add a comment, sign in
-
-
https://lnkd.in/d388DCiF Aramco is considering expansion of its LNG footprint to consider large US investments including options such as Sempra, Next Decade projects. Do read the story!
To view or add a comment, sign in
-
Saudi Aramco is looking to expand its LNG footprint by investing in several gas projects worldwide. Riyadh wants to diversify into LNG quickly in order not to further lose LNG market share to regional rivals. Despite Aramco’s ongoing expansion, Saudi Crown Prince Mohammad Bin Salman (MBS) expressed concerns over Aramco’s LNG policy. 🔗 → https://lnkd.in/d-CRMzJK #saudiarabia #energy #lng aramco The following note delves into: - The LNG projects Aramco is interested in - MBS' concerns with Aramco LNG policy - The regional companies MBS is looking to outlast - His views on the U.S. LNG export license halt The note also sheds light on MBS’ ambitions for the country’s LNG portfolio.
Saudi MBS wants more for Saudi Aramco’s LNG portfolio
tacticalreport.com
To view or add a comment, sign in
-
Saudi aramco and NextDecade, a U.S. liquefied natural gas (LNG) provider, announced that their respective subsidiaries have signed a non-binding agreement, known as a Heads of Agreement (HoA). Furthermore, this HoA outlines the terms for a 20-year LNG sale and purchase agreement (LNG SPA) for offtake from the fourth train (Train 4) at NextDecade’s Rio Grande LNG Facility located at the Port of Brownsville, Texas. Under the terms of the HoA, Aramco expects to purchase 1.2 million tons per annum (MTPA) of LNG for 20 years on a free-on-board basis, with the price indexed to the Henry Hub natural gas benchmark. Read more: https://lnkd.in/dZduckcq #SaudiArabia #Aramco #Naturalgas #LNG #UnitedStates #Texas
To view or add a comment, sign in
-
-
Saudi Aramco has announced a non-binding deal with the US’s NextDecade for the offtake of 1.2 million tons per year of LNG, the Riyadh-listed oil giant’s latest step towards becoming a global LNG portfolio player... https://bit.ly/3VEAKm6 #Aramco #NextDecade #RioGrandeLNG #lng #uslng #lngportfolio #corporatestrategy #competitiveintelligence Need more intelligence on aramco? Explore the Analyst Dashboard for our latest news, analysis, research and data from the Competitive Intelligence Service >> https://bit.ly/3wNntxw
Aramco Makes Next LNG Move, Signs NextDecade Offtake
energyintel.com
To view or add a comment, sign in
-
First Joint Meeting between MGL & B-LNG after signing Joint Venture Agreement to decide LNG growth road map for next 3 years. Truly a wonderful session on Strategic locations , LNG price mechanism , diversified sourcing of LNG & De Risking of LNG project and Leverage financing from markets. Major Objective of the session was to ensure Doubling-down the pace of green transition.
To view or add a comment, sign in
-
-
ADNOC Logistics and Services (ADNOC L&S) have recently announced a letter of intent with South Korea’s Hanwha Ocean to construct at least three 174,000-cubic meter LNG carriers, with options for two more, scheduled for delivery in 2028. Additionally, ADNOC L&S is expanding its fleet by acquiring 32 tankers from a Singaporean shipping company. The development of LNG shipping is a critical component of the energy transition, as it plays a pivotal role in reducing emissions and enhancing the sustainability of the maritime sector. Read the full article: https://lnkd.in/eUuEVPQu Gastech 2024 will emphasise the crucial role of LNG shipping in achieving a sustainable energy future. Book a delegate pass: https://lnkd.in/eFMSzp4E #Gastech #Shipping #GasLNG #EnergyTransportation
ADNOC L&S eyes new LNG carrier additions and buys shipping player with 32-tanker fleet
https://www.offshore-energy.biz
To view or add a comment, sign in
LNG Specialist | Procedures and Training Development Lead I LNG Operations I CSU Lead I Operations Readiness Specialist
1moThis is incredible news! The partnership with Aramco is definitely a game-changer for the Port Arthur LNG Phase 2 project. The expansion is going to be a major player in meeting the global demand for cleaner fuels. Exciting times ahead! #CleanEnergy #LNG #Sempra ##LNGExport24 #BechtelCorporation