Freeport LNG Expansion has closed on debt and equity financing commitments of US$11bn for the first two trains of its Freeport LNG liquefaction project in Texas (United States). The company has issued a full notice to proceed to CB&I and Zachry Industrial to start the construction. Freeport LNG aims to complete financing for the third train in the second quarter of 2015 to launch its construction.
The Freeport LNG export would consist of three 4.4 Mt/year liquefaction trains. The first one is expected to start operations in the third quarter of 2018, with the second train expected to commence operations 5 months thereafter, and the third train 6 months following the second train (late 2019-early 2020). Freeport LNG has signed Liquefaction Tolling Agreements signed with Chubu Electric and Osaka Gas for the first 4.4 Mt/year train, with BP for second 4.4 Mt/year train. Another 20-year tolling agreement for half of the third train (2.2 Mt/year) was signed with Toshiba in September 2013.