ConocoPhillips (NYSE:COP) has entered a 20-year agreement to purchase 4 MTPA of LNG from Sempra Infrastructure’s Port Arthur LNG Phase 2 project in Texas. This deal adds to their existing partnership and aligns with the company’s global LNG strategy. ConocoPhillips emphasizes its financial health with 55 years of continuous dividend payouts.

ConocoPhillips CEO Ryan Lance stated that the agreement supports the company’s global LNG strategy and secures a strong supply network. In Phase 2 of the Port Arthur LNG project, ConocoPhillips will only act as an LNG buyer, unlike Phase 1 where it also invested. The final investment decision for Phase 2 is pending approval.

Read more at Yahoo Finance: ConocoPhillips (COP) Enters 20-year LNG Purchase Pact with Sempra Infrastructure