The Brazilian state oil company emphasized that long-term contracting strengthens risk management in its natural gas portfolio and enhances its ability to meet supply commitments with greater flexibility and security. By securing fixed volumes, Petrobras reduces its reliance on short-term spot market purchases, which have shown significant price swings in recent years amid global supply disruptions and geopolitical tensions. The arrangement allows the company to manage supply predictability as it balances domestic production with imported volumes to serve Brazil’s industrial and power generation sectors.
Sempra Infrastructure confirmed in September 2025 its final investment decision for Port Arthur Phase 2, which includes construction of two liquefaction trains with combined capacity of approximately 13 million tonnes per annum. When added to the first phase, total facility capacity will reach around 26 million tonnes annually. The terminal benefits from access to U.S. natural gas resources and integrated logistics infrastructure along the Gulf of Mexico coast, facilitating exports to both Atlantic and Pacific basin markets.
The first phase of Port Arthur is scheduled to enter commercial operation in late 2027, while the second phase—from which Petrobras will receive its contracted volumes—has targeted startup dates in 2030 for the third train and 2031 for the fourth. Sempra Infrastructure, a subsidiary of U.S. energy company Sempra, develops and operates LNG infrastructure, energy networks, and low-carbon solutions across North America. The Petrobras contract adds commercial momentum to the Phase 2 development as construction advances on the Texas facility.
This article was curated and published as part of our South American energy market coverage.
