Sempra’s Port Arthur LNG Facility Makes FID to Build Phase 2

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Not quite a month ago, EQT Corporation, the largest Marcellus/Utica-only natural gas producer (second largest natural gas producer in the country) signed a deal with Sempra’s Port Arthur LNG Phase 2 project in Jefferson County, Texas, to buy (not sell) LNG from the plant to resell it to other countries (see EQT Announces Deal to *Buy* LNG from Sempra’s Port Arthur LNG). The deal was contingent upon Sempra making a final investment decision (FID) to proceed with building the project. Yesterday, Sempra made its decision and is moving forward.

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