Movement Alert|Petroleo Brasileiro SA Petrobras Rises 3.1% in Regular Trading, Signs 20-Year LNG Supply Agreement with Sempra Energy

Market Focus
Yesterday

On September 15, Petroleo Brasileiro SA Petrobras rose 3.1% in regular trading, trading at $21.805/share, with turnover of $140 million.

On the news front, Sempra Energy's subsidiary Sempra Infrastructure announced it has signed a 20-year liquefied natural gas sales and purchase agreement with Petroleo Brasileiro SA Petrobras. Under the agreement, Sempra will supply approximately 800,000 tonnes per annum of LNG to Petrobras, sourced from its Port Arthur LNG Phase 2 project currently under construction in Texas. The project comprises two liquefaction trains with a combined capacity of approximately 13 million tonnes per annum, with commercial operations expected to commence in 2030 and 2031 for trains 3 and 4, respectively. The Port Arthur LNG Phase 2 project reached a final investment decision in September of last year.

The long-term supply agreement is expected to help Petroleo Brasileiro SA Petrobras lock in a stable natural gas source, supporting the company's broader energy transition strategy. Within the Integrated Oil & Gas sector, the overall sector trended higher, with Exxon Mobil up 2.14%, Chevron up 1.72%, BP up 2.04%, Shell up 2.04%, and Occidental up 2.27%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10