U.S. Utility Sempra Will Supply LNG to Poland’s PKN Orlen
- January 26, 2023
- Posted by: Quatro Strategies
- Category: Energy
San Diego-based utilities company Sempra Energy announced on Wednesday that it would supply 1 million tons per annum of LNG for 20 years to Polish energy company PKN Orlen from its Port Arthur LNG Phase 1 project. The deal marks the latest in a series of agreements U.S. LNG producers sign with European companies, after Western sanctions on Russia in response to its invasion of Ukraine squeezed an already tight global supply.
Sempra last year also struck deals with ConocoPhillips, Ineos, Engie, and RWE for the supply of LNG from the Phase 1 project.
After the agreement with Orlen, Sempra said its Port Arthur Phase 1 has become fully subscribed with 10.5 Mtpa under binding long-term contracts.
Sempra will now focus on completing the remaining steps needed to achieve making a final investment decision for the Port Arthur LNG Phase 1 project in the first quarter of 2023, with first cargo deliveries expected in 2027.
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