Plants surround the logo of energy infrastructure company Sempra Infrastructure during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.
The Port Arthur LNG Phase 2 project is progressing toward a final investment decision expected in 2025. Sempra is securing supply agreements to ensure sufficient financing for the project’s construction. This deal follows a recent agreement on August 20, 2025, to supply ConocoPhillips with 4 Mtpa of LNG from the same facility. Additionally, in July 2025, Sempra finalized a contract with JERA, Japan’s largest power generator, to deliver 1.5 Mtpa of LNG, supported by U.S. export approvals for markets in Europe and Asia.
Analysts from Texas Capital Securities noted: “The agreement provides EQT cash flow diversification and an embedded hedge to low Henry Hub prices, which would make U.S. LNG more attractive to international buyers.” The deal also positions EQT to benefit from rising global demand for affordable energy, as U.S. LNG offers a cost-effective alternative to wholesale electricity prices in Europe.
The U.S. LNG sector has seen increased activity following the lifting of a moratorium on new LNG export permits in January 2025, enabling companies like Sempra to expand their operations. The Port Arthur project is designed to enhance the U.S.’s role as a reliable supplier of LNG, supporting energy needs in international markets.
Sempra’s agreements reflect growing confidence in the long-term viability of LNG exports from the U.S., driven by competitive pricing and strategic partnerships. The Port Arthur facility is expected to contribute to economic growth in Texas while addressing global energy demands with efficient and sustainable solutions. As the project advances, Sempra continues to secure commitments to ensure its operational and financial success.
