Aramco and Sempra Ink Agreement for LNG Phase 2

Saudi Arabian Oil Co. (Aramco) and Sempra have signed a non-binding Heads of Agreement (HOA) for a 20-year Sale and Purchase Agreement (SPA) for LNG offtake of 5.0 MTPA from Port Arthur LNG Phase 2. The HOA includes Aramco's potential 25% participation in project-level equity.

SAUDI ARABIAN OIL CO: * ARAMCO AND SEMPRA ANNOUNCE HEADS OF AGREEMENT FOR EQUITY AND OFFTAKE FROM PORT ARTHUR LNG PHASE 2

* EXECUTED A NON-BINDING HEADS OF AGREEMENT (HOA) FOR A 20-YEAR SALE AND PURCHASE AGREEMENT (SPA) FOR LNG OFFTAKE OF 5.0 MTPA * HOA FURTHER CONTEMPLATES ARAMCO'S 25% PARTICIPATION IN PROJECT-LEVEL EQUITY OF PHASE 2 Further company coverage: