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ConocoPhillips to Acquire 30% Stake in Sempra's Port Arthur LNG Project

Kamis, 14 Juli 2022 | 18:33 WIB
ConocoPhillips to Acquire 30% Stake in Sempra's Port Arthur LNG Project

ILUSTRASI. ConocoPhillips would take a 30% equity stake in Sempra Energy's Port Arthur liquefied natural gas (LNG) plant in Texas, as the US oil and gas producer expands its LNG business to meet soaring demand. REUTERS/Rick Wilking/Files (UNITED STATES)

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - ConocoPhillips said on Thursday it would take a 30% equity stake in Sempra Energy's Port Arthur liquefied natural gas (LNG) plant in Texas, as the US oil and gas producer expands its LNG business to meet soaring demand.

Western sanctions on Russian fuel has choked an already undersupplied market and sent buyers scrambling for the heating fuel. Prices hit all-time highs earlier this year.

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