Sempra Secures 20-Year LNG Supply Deal with JERA

Sempra, a US-based energy infrastructure company, has entered into a 20-year liquefied natural gas (LNG) supply agreement with Japan’s JERA.

• The agreement is valued at a substantial amount, with the exact figure not disclosed.
• Under the terms of the deal, Sempra will supply 1.5 million tonnes of LNG per year to JERA from its Port Arthur LNG Phase 2 development project in Texas.

The deal is expected to have a positive impact on Sempra’s financials, with the company’s stock price increasing in recent days.

• The agreement is a significant milestone for Sempra’s infrastructure projects, demonstrating the company’s ability to secure long-term contracts with major energy players.
• The Port Arthur LNG Phase 2 development project is a key component of Sempra’s infrastructure portfolio, and this deal highlights the project’s potential for long-term growth and revenue generation.

Key Details of the Agreement

• Duration: 20 years
• Supply volume: 1.5 million tonnes of LNG per year
• Source: Port Arthur LNG Phase 2 development project in Texas
• Counterparty: JERA, a major energy player in Japan