Petrobras has signed a long-term Liquefied Natural Gas (LNG) sale and purchase agreement with Sempra Infrastructure, a U.S. company and subsidiary of Sempra (NYSE: SRE).

The agreement, signed at the end of August, provides for Petrobras to purchase 0.8 million tonnes per annum (mtpa) of LNG for a period of 20 years, with supply from the Port Arthur LNG Liquefaction Terminal in Texas, United States.

Securing long-term volumes helps reduce Petrobras' exposure to spot market volatility, strengthens the risk management of its natural gas portfolio, and enhances the company's ability to fulfil its contracts with greater flexibility and security.

The Port Arthur LNG Liquefaction Terminal, currently under construction by Sempra Infrastructure in Texas, United States, has access to U.S. natural gas resources and integrated logistics infrastructure and is located on the Texas coast (USA). Sempra Infrastructure develops, builds, operates and invests in energy infrastructure assets, including LNG projects, energy networks and low-carbon solutions.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

About Sempra Infrastructure

Sempra Infrastructure, headquartered in Houston, is focused on delivering energy for a better world by developing, building, operating and investing in modern energy infrastructure, such as LNG, energy networks and low-carbon solutions that are expected to play a crucial role in the energy systems of the future. Through the combined strength of its assets in North America, Sempra Infrastructure is connecting customers to safe and reliable energy and advancing energy security. Sempra Infrastructure is a subsidiary of Sempra (NYSE: SRE), a leading utility growth company.