Sempra Energy strikes LNG supply deal with Polish Oil and Gas
(Reuters) - Sempra Energy said on Monday it would sell 3 MMtons of LNG each year to Polish Oil & Gas Co , in another sign of rising interest in U.S. supplies following Russia's invasion of Ukraine.
Buyers wary of importing natural gas from sanctions-hit Russia have been turning to U.S. LNG in recent months as the war in Ukraine tightens an already under-supplied market.
The United States is this year expected to surpass Australia and Qatar as the world's largest LNG exporter, delivering more than 12.2 Bcf3/d.
Sempra will provide Polish Oil & Gas with LNG for 20 years under the deal. About 2 MMtons of LNG per annum of that would come from Sempra's Cameron LNG Phase 2 project in Louisiana, while the rest would come from the Port Arthur LNG project in Texas.
Polish Oil & Gas will also have the option in 2022 to reallocate volumes from the Cameron Phase 2 project to the Port Arthur project, Sempra said in a statement.
(Reporting by Arunima Kumar in Bengaluru; Editing by Aditya Soni)
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