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Sempra and Aramco Sign the Largest LNG Deal Since 2013

Aramco Services and Sempra LNG signed an agreement defining the terms of their future 20-year sale-and-purchase agreement. Aramco Services will purchase 5 mtpu of liquified natural gas from the future Port Arthur LNG terminal in Texas, US. The future agreement will be the biggest LNG transaction signed in the last 6 years and one of the biggest LNG transactions ever signed.

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Earlier Saudi Aramco announced its new strategic goal to become a global LNG player and expressed interest in purchasing 25% share of the 1st stage of Port Arthur export project. The launch of the 1st stage of the project is scheduled for 2023.

Decision makers from LNG companies will discuss current LNG export projects during the plenary session at the 6th International LNG Congress on 2-3rd March in Brussels, Belgium. The guests will also have an opportunity to take part in a separate panel discussion dedicated to LNG industry trends and economic aspects.


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