Sempra Infrastructure and PKN ORLEN Sign Sale and Purchase Agreement for Port Arthur LNG
- Required offtake capacity for Port Arthur LNG Phase 1 is fully subscribed
Under the SPA, PKN ORLEN has agreed to purchase approximately 1 million tonnes per annum (Mtpa) of LNG from the Port Arthur LNG Phase 1 project on a free-on-board basis for 20 years.
"We are excited to partner with PKN ORLEN,
"We are delighted to enter into this long-term agreement with
The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 Mtpa of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development.
Development of the Port Arthur LNG projects 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.
About PKN ORLEN
PKN ORLEN is an integrated, multi-utility company, operating in
PKN ORLEN pursues strengthening its position of a regional leader in energy transition by implementing clean and sustainable technologies, as well as power generation based on low- and zero-emission sources. The company's actions are driven by a strategic goal of reaching emission neutrality by 2050.
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 other factors.
In this press release, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.
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, regulations, issuances or revocations of permits 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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Media Contact: Paty O. Mitchell, Media@SempraGlobal.com, Twitter: @SempraInfra; Financial Contact: Jenell McKay, (877) 736-7727, email@example.com