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Michael Smith and ConocoPhillips (COP) each own 50% of the general partner of Freeport LNG Development, L.P. (FLNG), Freeport LNG-GP, Inc. (FLNG-GP).   FLNG-GP is responsible for managing the day-to-day operations of FLNG.  COP and Michael Smith each currently have the right to appoint three persons to a six-person board of directors of FLNG-GP.  FLNG-GP does not have an economic interest in FLNG.

   
 

FLNG currently has four limited partners that, collectively, own all of the economic interests in FLNG:  (1) Freeport LNG Investments, LLLP, an entity owned by Michael S. Smith; (2) ZHA FLNG Purchaser, LLC, a Delaware limited liability company; (3) Texas LNG Holdings, LLC, a wholly owned subsidiary of The Dow Chemical Company; and (4) Turbo LNG, LLC, a wholly owned subsidiary of Osaka Gas Co., Ltd.