Sempra Infrastructure Signs 20-Year LNG Supply Deal with Petrobras
SRE is trading near its 52-week low of $79.59 (4.3% above the low).
Summary
Sempra Infrastructure signed a 20-year sales and purchase agreement to supply Petrobras with 0.8 Mtpa of LNG from the Port Arthur LNG Phase 2 project. This is the first South American customer in Sempra Infrastructure's LNG portfolio, adding a major energy company to its customer base. The deal supports the Phase 2 project, which reached a positive final investment decision in September 2025 and is expected to start commercial operations in 2030-2031. It follows recent setbacks at the Energia Costa Azul plant in Mexico, which was shut down due to compressor damage, and the sale of the Ecogas business. The agreement provides long-term contracted revenue and strengthens Sempra's position in the global LNG market.
At the time of this announcement, SRE was trading at $82.99 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $54.3B. The 52-week trading range was $79.59 to $101.04. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.