Highlights Preliminary deal called for Aramco to take 25% stake FID already expected to be delayed to 2022 Sempra’s efforts to finalize a long-term deal with Saudi Aramco to support the proposed Port Arthur LNG export terminal in Texas have fallen through, an executive said June 29 in what amounts to a setback following several delays in advancing the project. Receive daily email alerts, subscriber notes & personalize your experience. Register Now During Sempra’s annual investor day presentation to analysts, Justin Bird, the head of its LNG business, said Sempra and Aramco mutually agreed to let their 2019 preliminary agreement expire. The deal, as originally announced, called for Aramco to take a 25% stake in Port Arthur LNG and offtake 5 million mt/year of supply from the terminal. Aramco has been adjusting its gas ambitions in the last two years amid the coronavirus pandemic and volatility in global gas […]