Updated

Sempra Energy added a 20-year liquefied natural gas supply agreement, according to new commentary examining how much commercial risk the long-term contract removes from the company's LNG export projects. The deal adds visibility to future cash flows tied to Sempra's infrastructure buildout. Analysts view long-duration offtake agreements like this one as key to de-risking large LNG capital projects, providing more certainty around financing and construction timelines for Sempra's export terminal ambitions.