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At Sempra Infrastructure, we deliver energy for a better world. According to PALNG, following consummation of the Transaction, Sempra LNG Holding will be the controlling 30.564.3% equity interest holder in Sempra PALNG Member, and KKR-Denali will be the non-controlling 35.769.5% equity interest holder in Sempra PALNG Member with certain non-controlling member protections. Federal Register :: Change In Control; Port Arthur LNG, Investors should not rely unduly on any forward-looking statements. The Phase 1 project is another significant opportunity to expand Sempra Infrastructures economic impact. Air Products, the world's leader in liquefied natural gas (LNG) technology and equipment, announced it has signed an agreement with Bechtel Energy Inc. to provide its proprietary LNG process technology, equipment and advisory services to Sempra Infrastructure's Port Arthur LNG Phase 1 project in Jefferson County, Texas. This PDF is The Statement describes a change in PALNG's upstream ownership. May 21, 2019 Sempra LNG And Aramco Services Company Sign Heads Of Agreement For Port Arthur LNG - Principal Terms for 5 Mtpa of LNG Offtake and a 25% Equity Ownership 15-53-LNG and 18-162-LNG, but DOE will respond to that portion of the filing separately pursuant to the CIC Procedures, 79 FR 65542. 202311141 Filed 52423; 8:45 am], updated on 11:15 AM on Friday, June 2, 2023, updated on 8:45 AM on Friday, June 2, 2023. [24], On an investor call in May 2021, Sempra's Chief Financial Officer Trevor Mihalik said that, owing to commercial challenges, the company was further delaying FID for the Port Arthur project to 2022. Newsweek Port Arthur LNG facility; Courtesy of Port Arthur LNG Under the terms of the HOA, ConocoPhillips will supply the gas for its 5 Mtpa offtake and may provide additional gas supply services to the Port Arthur LNG facility. [21], The final investment decision (FID) for the project was originally expected in 2020, but in May 2020 Sempra announced that they were delaying the decision until 2021. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $93 billion of total assets and approximately 9,400 employees at March 31, 2022. provide legal notice to the public or judicial notice to the courts. It is not an official legal edition of the Federal 06/02/2023, 863 offers a preview of documents scheduled to appear in the next day's www.energy.gov/sites/default/files/2022-12/PALNG%20-%20Statement%20of%20Change%20in%20Control%2012.21.2022.pdf. This information is not part of the official Federal Register document. The proposed deal, which also includes an agreement to buy gas from the plant, would mark Aramco's first entry into production of oil or gas outside Saudi Arabia. Sempra Energy said this was enough natural gas to meet approximately 15% of Poland's daily needs. 33876 Federal Register/Vol. This repetition of headings to form internal navigation links [18], In March of 2020, Sempra Energy selected Bechtel for the engineering, procurement, and construction (EPC) of the Port Arthur LNG export terminal in Houston, Texas. With strong customers, top-tier equity sponsors in ConocoPhillips The foregoing estimates exclude other potentially significant economic benefits associated with, among other items, the development of future phases and further optimization of the project. 88, No. Verity Ratcliffe, Anthony DiPaola, Matthew Martin, "ConocoPhillips to acquire 30% stake in Sempra's Port Arthur LNG project", Sempra and ConocoPhillips announce landmark heads of agreement to develop Port Arthur LNG, more, "Sempra, Bechtel Amend $10.5B Deal For Port Arthur LNG", Bechtel Named EPC Contractor on Sempras Port Arthur LNG Project, Port Arthur LNG Phase II, LLC; PALNG Common Facilities Company, LLC; Notice of Availability of the Environmental Assessment for the Proposed Port Arthur LNG Expansion Project. on NARA's archives.gov. If we tally mass shootings that have killed four or more people, in the United States there have been well over 100 since the Port Arthur tragedy. Environmental Champions grants applications open; help for beautification, sustainability and restoration. These markup elements allow the user to see how the document follows the cassandra.bernstein@hq.doe.gov. better and aid in comparing the online edition to the print edition. 101/Thursday, May 25, 2023/Notices reference to Docket No. This document has been published in the Federal Register. Statement, posted on the DOE website at: Note: You can attach your comment as a file and/or attach supporting Port Arthur LNG Terminal is a proposed LNG export terminal in Texas, United States. should verify the contents of the documents against a final, official While every effort has been made to ensure that Please email the filing to Already have an account ? WebInformation on valuation, funding, acquisitions, investors, and executives for Port Arthur LNG. Register documents. documents in the last year, 29 We are now positioned among the largest natural gas producers in the U.S. through our recent acquisitions of Concho and Shells Permian assets and are interested in expanding our LNG presence. What can Australia's reaction to a mass shooting teach us about This information is available in the PitchBook Platform. Intervention, if granted, would constitute intervention only in the change in control portion of these proceedings, as described herein. It is not an official legal edition of the Federal Sempra today announced its subsidiary, Sempra Infrastructure, and ConocoPhillips have entered into a heads of agreement to develop Sempra Infrastructures Port Arthur LNG project and jointly participate in other related energy infrastructure in Southeast Texas and the Pacific Coast of Mexico. In addition, ConocoPhillips will have the option to acquire certain LNG offtake and equity ownership from future contemplated LNG trains at the Port Arthur LNG site, where a similarly sized Phase 2 project is also under development. Port Arthur LNG 06/02/2023, 204 The President of the United States manages the operations of the Executive branch of Government through Executive orders. The decision to enter into this agreement with Sempra provides us with a ground-floor opportunity to participate in premier LNG developments, reinforcing our commitment to helping solve the worlds energy supply needs as we transition to a lower-carbon future. About the Federal Register documents in the last year, 1433 ConocoPhillips plans to acquire stake in Sempra's Port Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflict between Russia and Ukraine and the global response to it, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the Shell Acquisition) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission.

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