Plans advance for $12B LNG export facility project in Texas

09/9/2013 | Reuters · American City Business Journals

Freeport LNG's plans to build a three-train liquefied natural gas export facility near Freeport, Texas, could become a reality by 2014. Major export deals with Japan's Toshiba and SK E&S LNG LLC to purchase LNG have been recently signed by the firm. All that remains to move the project ahead is the Federal Energy Regulatory Commission approval and confirmation of $12 billion in funding. "The longest lead time item holding up our ability to start construction is FERC," said Freeport LNG CEO Michael Smith. "If we had FERC approval tomorrow, the first two trains could be done by this year’s end."

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