ConocoPhillips has expanded its liquefied natural gas (LNG) portfolio by signing a new offtake agreement to secure 4 million tonnes per annum of LNG from Sempra Energy's Port Arthur LNG Phase 2 project in Texas. This deal nearly doubles ConocoPhillips' LNG purchase volume from the export facility, bringing its total commitment to approximately 9 million tonnes per year, positioning the company as one of the largest buyers from the plant. The Port Arthur Phase 2 project is part of Sempra's ongoing expansion efforts to meet growing global demand for U.S. LNG, particularly from Asian and European markets. Meanwhile, infrastructure developments continue in the Gulf Coast region, with WhiteWater Midstream leading the construction of a pipeline to transport increased natural gas production from the Permian Basin to Houston. Additionally, Venture Global, a natural gas liquefaction company, received an upgrade to a buy rating from UBS with a price target of $18 per share, reflecting optimism about the sector. Tokyo Gas is also reportedly negotiating a 20-year deal to purchase 1 million tonnes of LNG annually from Venture Global's CP2 export facility, expected to be operational by late 2028.