Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2

The parties expect to execute a binding LNG SPA and definitive equity agreements with terms substantially equivalent to those in the HoA, with the SPA and equity agreements subject to a number of conditions. Jeffrey W. Martin, Sempra Chairman and CEO, said: "The planned expansion of Port Arthur LNG would help facilitate the broad distribution of U.S. natural gas across global energy markets. By expanding the global reach of the Port Arthur LNG facility, we have the opportunity to improve energy security, wh ...