Freeport LNG’s Liquefaction and Export Project
Because of a dramatic increase in US natural gas resource base, primarily shale gas, the U.S. now has more than one hundred years of supply. Further, due to increased production, gas prices have fallen to the point that exporting natural gas is economically attractive, and these relatively low prices are expected to continue. As a result, Freeport LNG is developing an expansion of its terminal to enable liquefaction and export of approximately 2.0 billion cubic feet per day of US natural gas in the form of LNG. The terminal will still be able to import LNG if it is needed for the domestic market.
Fully built, the proposed expansion will require over $13.0 billion in direct investment and will employ more than 3,500 workers during a four- to five-year construction period. In addition, the plant will create thousands of jobs related to the production of the natural gas that will supply the liquefaction project. The increase in natural gas production is also estimated to provide between $5.1 billion and $7.4 billion in total annual economic benefits to the U.S. and LNG exports will reduce the US foreign trade imbalance by approximately 1%.
Liquefaction Tolling Agreements Are Signed with Toshiba
Corporation and SK E&S for Train 3
• A base quantity of 4.4 million metric tons of LNG per annum is contracted to the two companies (2.2 mtpa each), commencing upon completion of construction of the third train of Freeport LNG’s liquefaction project.
Read Press Release (Toshiba Corporation)
Read Press Release (SK E&S)
Freeport LNG Commercializes Second Liquefaction Train
by Signing 20-Year Tolling Contract with BP
• BP Energy Company contracts for 4.4 mtpa of liquefaction project capacity
• Freeport LNG completes marketing of initial two-train project
Read Press Release
Freeport LNG Signs 20-Year Liquefaction Tolling Agreements
with Osaka Gas and Chubu Electric
• Osaka Gas and Chubu Electric contract for 100% of initial train of liquefaction project
(approximately 4.4 million tonnes per of LNG per year)
Read Press Release
Read More about the Project
View LNG Export Project Video