PGNiG and Sempra sign HOA for LNG deal
June 26, 2018
Polish Oil & Gas Company, PGNiG signed HOA with Port Arthur LNG, a subsidiary of Sempra LNG & Midstream relating to the terms and conditions of a 20-year contract for the sales and purchase of 2 MTPA of LNG. Cargoes will be supplied starting in 2023 from the Port Arthur LNG facility being developed in Jefferson County, Texas. The facility is planned to export approximately 11 MTPA of LNG starting from 2023.
Deliveries have the flexibility to allow for further trading by PGNiG on international markets and are contemplated to be supplied on a FOB basis.
Edited from PGNiG press release.