Sempra reaches final investment decision on Port Arthur LNG plant's Phase 1

Though KKR's investment was not disclosed, an infrastructure fund managed by it will buy a 25% to 49% indirect, non-controlling interest in the project.

Sempra Infrastructure Partners, the 70%-owned unit of Sempra, would target 20% to 30% of indirect ownership interest in the project, subject to the closing of the KKR sale. Additionally, Sempra Infrastructure announced the closing of the project's $6.8 billion non-recourse debt financing and the issuance of the final notice to proceed under the project's engineering, procurement and construction agreement.would go forwardDemand for U.S. LNG increased after several countries slowed purchases of Russian energy and imposed sanctions on Moscow after its invasion of Ukraine in February 2022.. The U.S.

Sempra estimates the total capital expenditure for the 13.5-million tonnes per annum plant's Phase 1 at $13 billion.

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