Previous 2020 cost of Port Arthur facility award was not disclosed, but speculated at $8B to $9B, as community advocates press legal action for stricter air pollution controls
More than two and a half years after Bechtel National and Sempra Energy signed a fixed-price engineering, procurement and construction contract for the Port Arthur liquefied natural gas liquefaction project in Texas, the two companies now say they have “restated” the contract and updated the project price to $10.5 billion.
The companies signed the original agreement in March 2020, but Sempra delayed a final investment decision to build the plant by at least a year due to COVID-19 generated cuts in global demand for fuel.