The Japanese group JERA has concluded a purchase agreement with Global Infrastructure Partners to acquire its approximately 25.7% interest in the Freeport LNG project in Texas (United States) The US$2.5bn transaction is subject to approval and authorisation procedures.
The Freeport LNG liquefaction terminal comprises three trains with an annual production capacity of approximately 15.45 Mt/year, built by McDermott, Zachry and Chiyoda on the site of an existing LNG import terminal. The first train was commissioned in December 2019, the second one in January 2020, and the third one in May 2020. A fourth train - also be rated 5 Mt/year (6.75 bcm/year) - is under consideration and could be commissioned as of 2023, raising the liquefaction plant's capacity to 20 Mt/year (27 bcm/year). JERA has already signed agreements to buy 2.3 Mt/year of LNG from the first train.
Japan is the world’s largest LNG importer, with its LNG imports representing approximately 20% of the world’s total LNG trade. Over 2014-2020, Japan's LNG imports decreased by around 3%/year to 95 bcm in 2020.
Interested in LNG Databases?
World LNG Database offers a complete set of data on LNG markets. The service provides detailed information on existing and planned liquefaction and regasification plants. It also includes LNG shipping around the world, LNG contracts, time series on regasification and liquefaction capacities, LNG flows and LNG prices for all players in the market.