Aramco Services Co. has signed an IPPA with Sempra LNG for the Port Arthur LNG project in Jefferson County, Texas. Saudi Aramco’s Aramco Services Co. unit has signed an interim project participation agreement (IPPA) with Sempra LNG for the latter firm’s Port Arthur LNG project under development in Jefferson County, Texas, Sempra Energy reported Monday. According to Sempra, the IPPA marks another milestone for the companies in conjunction with Port Arthur LNG. Last May, Aramco signed a heads of agreement with Sempra to purchase 5 million tonnes per annum (mtpa) of LNG from Port Arthur LNG and to acquire a 25-percent equity investment in the project. “Today’s announcement is a reflection of the growing alignment between our companies’ interest in the overall success of the Port Arthur LNG project,” commented Sempra Energy Chairman and CEO Jeffrey W. Martin. “We have a tremendous amount of respect for Saudi Aramco and […]