Toshiba Looking To Sell Down Freeport LNG Tolling Agreements
Posted on Nov 9, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Toshiba Looking To Sell Down Freeport LNG Tolling Agreements
Reuters reports that due to low Asian natural gas prices, Toshiba is looking to sell down its tolling agreements with Freeport LNG under which Toshiba must pay Freeport LNG up to $370 million per year in fees over 20 years for the Quintana Island, Texas liquefaction plant even if Toshiba does not use the facility to produce LNG. According to the report, Toshiba has held talks recently with potential LNG buyers to try to offload its commitments.