Sempra completes Port Arthur LNG Phase 1 interest sale to KKR

Sempra Infrastructure, a subsidiary of Sempra, Houston, completed the sale of a 42% indirect, non-controlling interest in its 13.5-million tonnes/year Port Arthur LNG Phase 1 project in Jefferson County, Tex., to KKR.

Sempra Infrastructure retains a controlling 28% indirect interest in Phase 1 at the project level. ConocoPhillips owns the remaining 30% interest (OGJ Online, Mar. 20, 2023).

Sempra Infrastructure reached a positive final investment decision (FID) for Port Arthur LNG Phase 1 in March 2023 and contracted Bechtel Energy Inc. to build the project.

Over 2.8 million hours of work have been completed since construction began this spring, with no lost-time incidents, the company said. Expected commercial operation dates for Train 1 and Train 2 are 2027 and 2028, respectively.