Saudi Aramco has signed a 20-year agreement to buy LNG from an export terminal that U.S.-based Sempra Energy is developing on the Texas Gulf Coast. Aramco will buy a 25 equity stake in the first phase of the multibillion-dollar project, to be constructed in Port Arthur, about 90 miles from Houston, the companies said. The sale-and-purchase agreement for 5 MTPA of LNG is Saudi Arabia's first known, non-binding agreement to buy LNG and the largest such LNG deal since 2013, according to Wood Mackenzie.
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