secwatch.observer — SEC 8-K summary
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Issuer:     SEMPRA (SRE)
CIK:        0001032208
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001032208-23-000011
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sempra approves $13B Port Arthur LNG; sells 30% stake to ConocoPhillips, arranges $7B debt
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- Final investment decision for Port Arthur LNG; two trains expected online 2027-2028.
- Total estimated capex $13.0B; offtake agreements total ~10.5M tonnes/yr with 20- and 15-year terms.
- ConocoPhillips acquired 30% of project for ~$265M cash; KKR to buy up to 69.5% indirect interest.
- PALNG signed $6.8B term loan and $200M working capital facility, maturing 2030.
- EPC contract with Bechtel; advanced funding does not increase total contract price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032208/000103220823000011/0001032208-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032208/000103220823000011/sempra-20230320.htm
  HTML page:      https://secwatch.observer/filing/0001032208-23-000011

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