November 29, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A 20-year sales and purchase agreement related to liquefied natural gas (LNG) from a new facility proposed for Port Arthur, Texas, puts the project one step closer to reality, the developer said. <a href='https://www.sempra.com/about' target='_blank'>Sempra Energy</a> (<a href='https://www.nyse.com/quote/XNYS:SRE' target='_blank'>NYSE:SRE</a>) (San Diego, California) said it expects to make a final investment decision (FID) on the first phase of a liquefaction facility at Port Arthur during the first quarter of 2023. With a newly-minted sales agreement for 5 million tons of LNG per year with <a href='https://www.conocophillips.com/ ' target='_blank'>ConocoPhillips</a> (<a href='https://www.nyse.com/quote/XNYS:COP ' target='_blank'>NYSE:COP</a>) (Houston, Texas), the FID looks promising.