Port Arthur LNG Phase 2 Project Receives Federal Energy Regulatory Commission Authorization
With Phase 1 currently under construction, the development of the proposed Phase 2 project could increase the total liquefaction capacity of the facility from approximately 13 Mtpa to approximately 26 Mtpa. The proposed project is also expected to include an additional LNG storage tank and marine berth and would benefit from some of the common facilities currently under construction that were previously approved as part of the Port Arthur LNG Phase 1 permitting process.
To further the advancement of the Port Arthur Energy Hub, the company recently acquired 38,000 acres of pore space and relevant surface rights to support the proposed Titan Carbon Sequestration project, which is proximal in location to the Port Arthur LNG facility. The project targets capturing carbon from
"The value proposition of the proposed Port Arthur Energy Hub goes beyond monetary investment in the region," said Bird. "The proposed projects by
The Port Arthur LNG Phase 2 project is under active marketing and development. The project could help meet future demand for
The Port Arthur LNG Phase 1 project is currently under construction and is designed to include two natural gas liquefaction trains, two LNG storage tanks and associated facilities.
Development of the Port Arthur LNG Phase 2 project, the Titan Carbon Sequestration project, the proposed Port Arthur Pipeline Louisiana Connector project, proposed Port Arthur Texas Connector project and new gas storage facilities is contingent upon completing the required commercial agreements, securing and/or maintaining all necessary permits, obtaining financing, and reaching a final investment decision, among other factors.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.
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Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, and other actions by (i) the
These risks and uncertainties are further discussed in the reports that Sempra has filed with the
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