ConocoPhillips COP has strengthened its position in the global liquefied natural gas (LNG) market by announcing a major supply agreement with Sempra Infrastructure. Under the deal, the Houston-based oil and gas producer will purchase 4 million tons per annum (MTPA) of LNG from Sempra's Port Arthur LNG Phase 2 project in Texas over a 20-year term. The contract, structured on a free-on-board basis, is intended to serve growing global demand with shipments directed to key markets in Europe and Asia. Ryan Lance, Chairman and CEO of ConocoPhillips, emphasized that the agreement reflects the company's long-term commitment to LNG. He noted that the deal strengthens ConocoPhillips' ability to build a flexible and reliable supply network, positioning the company to meet rising demand while reinforcing energy security in an evolving global market.