Freeport LNG Announces Closing of Third Train Financing
Today, Freeport LNG Expansion, L.P. (Freeport LNG) announced that its subsidiary, FLNG Liquefaction 3, LLC, successfully closed on debt financing commitments of approximately $4.56 billion in capital required for the construction of the third liquefaction train at Freeport LNG’s export terminal on Quintana Island near Freeport, Texas. With closing on financing, Freeport LNG issued a full notice to proceed to CB&I, Inc., Zachry Industrial, Inc. and Chiyoda International Corporation to construct the third train. Full three-train operation is expected by the third quarter of 2019. LNG production from the first liquefaction train is expected in early 2018, with commercial operation of the first train expected to commence by the third quarter of 2018. Read more in the press release.