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.

full-view-of-sempra-building-sempra.jpg

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.

Read also: AGDC, BP and ExxonMobil sign LNG agreement
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.

Source: OGJ.com

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