FERC Approves Port Arthur LNG Phase 2 Expansion Project

Earlier this year, Sempra Infrastructure, a subsidiary of Sempra, announced 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 (see Port Arthur LNG Pulls Trigger on FID, Tells Builder to Start Work). Sempra worked out all of the remaining financial aspects of the deal, including the sale of a non-controlling piece of the project to investment firm KKR and forming a joint venture with ConocoPhillips, and began to build Phase 1 (see Sempra Sells 42% of $13B Port Arthur LNG Phase 1 to KKR). Sempra has just received full, official approval from the Federal Energy Regulatory Commission (FERC) to build Phase 2 of the Port Arthur project. However, Sempra is still far from making a final investment decision (FID) to build Phase 2.

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