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Sempra Infrastructure, a subsidiary of Sempra, announced yesterday it had reached a positive final investment decision (FID) for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra closed on all of the remaining financial aspects of the deal--selling a piece to KKR and forming a joint venture with ConocoPhillips. It also has all of the customers it needs lined up (see Port Arthur LNG Now has All Customers Needed to Build Phase 1). With all of the i's dotted and t's now crossed, Sempra made the FID and told its contractor, Bechtel, to rev up the bulldozers and begin construction. Let's gooooo!
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