Freeport LNG Signs Tolling Agreements with Toshiba and South Korean Company
Posted on Sep 9, 2013 in LNG Exports, Markets and Competition | Comments Off on Freeport LNG Signs Tolling Agreements with Toshiba and South Korean Company
Freeport LNG Expansion, L.P. (Freeport LNG) announced that it has entered into binding 20-year Liquefaction Tolling Agreements (LTA) with Toshiba Corporation (Toshiba) and SK E&S LNG, LLC (SK), each for a base quantity of 2.2 million tons per annum, commencing upon completion of construction of the third train of Freeport LNG’s proposed export terminal on Quintana Island near Freeport, Texas. According to the press releases, Freeport LNG hopes to close financing and commence construction on the first two liquefaction trains in early 2014 upon receipt of regulatory approvals. Financing and commencement of construction on the third liquefaction train is expected in the second half of 2014.