Japanese Utilities to Invest $1.2 Billion In Freeport LNG Train 1
Posted on Feb 28, 2014 in Financing, LNG Exports | Comments Off on Japanese Utilities to Invest $1.2 Billion In Freeport LNG Train 1
Bloomberg reports that Osaka Gas Company (Osaka) and Chubu Electric Power Company (Chubu) will each invest $600 million for their own 25% in shares of liquefaction Train 1 at Freeport LNG’s proposed export terminal near Freeport, Texas. Train 1 is designed to produce 4.4 million metric tons of LNG per year starting in 2018. Osaka and Chubu previously entered into tolling agreements covering 100% of the of the Train 1 liquefaction capacity.