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.

Sempra Energy (NYSE:SRE) (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 ConocoPhillips (NYSE:COP) (Houston, Texas), the FID looks promising.