Sempra and Aramco sign HOA for Port Arthur LNG
May 21, 2019
Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed an HOA. The HOA anticipates the negotiation and finalization of a definitive 20-year LNG SPA for 5 MTPA of LNG offtake from Phase 1 of the Port Arthur LNG export project under development. It also includes the negotiation and finalization of a 25% equity investment in Phase 1 of Port Arthur LNG.
Edited from Sempra Energy press release.
