Sempra to build new U.S. LNG plant by next year
(Reuters) - Sempra Infrastructure, a unit of California energy company Sempra Energy, will greenlight a project to build a natural-gas export terminal on the U.S. Gulf Coast by early next year, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
If approved, the plant will add LNG supply volumes that are much-needed after the Western sanctions on Russia have choked an already undersupplied market and put U.S. gas prices and exports into high gear.
The project is the first phase of Port Arthur LNG, the WSJ reported, a roughly $10.5 B export facility in South Texas that will start delivering cargoes around 2027.
The company did not immediately respond to a Reuters request for comment.
(Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra Eluri)
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