Bechtel National and Sempra Energy have signed a fixed-price engineering, procurement and construction contract for the Port Arthur liquefied natural gas liquefaction project in Texas, with an updated $10.5-billion contract price. The award updates one signed in 2020 but delayed due to the COVID-19-generated global fuel demand drop. The firms would not disclose the original contract price but earlier reports suggested it was between $8 billion and $9 billion.
Based on current customer interest, “Port Arthur LNG is highly attractive to the global market,” Sempra said Oct. 20.