A final investment decision for the Freeport LNG export facility’s third liquefaction train will be reached next week.
Speaking to Argus, Freeport LNG’s chief executive, Michael Smith said that the project is close to finalizing the financing for the third train.
Freeport LNG already made final investment decision on liquefaction trains 1 and 2 in November 2014. Train one is expected to commence production in the third quarter 2018, with the second liquefaction train following five months thereafter. As soon as the FID on the third liquefaction train is made, the construction will begin.
Each of the three liquefaction trains of the Freeport LNG facility, located on Quintana Island near Freeport, Texas, will have a nominal production capacity of 4.4 mtpa of LNG.
The project already signed 20-year tolling agreements with Osaka Gas and Chubu Electric for 100% of initial train 1 capacity and with BP Energy for the 4.4 mtpa of LNG from the train 2. Freeport LNG also inked tolling agreements for the liquefaction capacity of train 3 with Toshiba Corporation and SK E&S, each contracting 2.2 mtpa of LNG.
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LNG World News Staff; Image. Freeport LNG