Freeport LNG Obtains Financing for Train Two Liquefaction Facility
Posted on Dec 18, 2013 in LNG Exports, Markets and Competition | Comments Off on Freeport LNG Obtains Financing for Train Two Liquefaction Facility
Freeport LNG Expansion, L.P. (Freeport LNG) and IFM Investors (IFM) announced that they have entered into an agreement whereby IFM will invest approximately $1.3 billion of equity funding for liquefaction Train Two at Freeport LNG’s proposed LNG export terminal on Quintana Island near Freeport, Texas. According to the press release, the balance of the Train Two capital needs will be sourced from a consortium of project finance lenders. Financial close for the transaction is expected to take place in mid-2014 pending regulatory and other approvals.