HOUSTON, TX — Sempra Infrastructure, a subsidiary of Sempra, announces that Port Arthur LNG and Bechtel Energy have amended and restated the fixed-price engineering, procurement, and construction (EPC) contract, for the proposed Phase 1 liquefaction project under development in Jefferson County, Texas. The amended contract includes an updated price of approximately $10.5 billion.

"We are excited to achieve this milestone with Bechtel. The execution of the final contract is a critical step in advancing Phase 1 of Port Arthur LNG toward a final investment decision," said Justin Bird, CEO of Sempra Infrastructure. "Based on robust customer interest, we know that Port Arthur LNG is highly attractive to the global market, and we look forward to providing customers with access to secure, abundant, and reliable U.S. LNG."

"We are delighted to continue our partnership with Sempra Infrastructure to deliver cleaner and more affordable energy to communities around the world. Alongside Sempra Infrastructure, Bechtel is ready to continue active construction in the Gulf Coast and bring more opportunities to the local region," said Paul Marsden, President of Bechtel Energy.

Under the EPC contract, Bechtel will perform the detailed engineering, procurement, construction, commissioning, startup, performance testing, and operator training activities for Phase 1 of the project.

The Port Arthur LNG Phase 1 project is permitted and expected to include two natural gas liquefaction trains and LNG storage tanks, and associated facilities capable of producing, under optimal conditions, up to approximately 13.5 million tons per annum of LNG. A similarly sized Port Arthur LNG Phase 2 project is also competitively positioned and under active marketing and development.