BP signs 20-year contract with Freeport LNG Expansion

By OGJ editors

BP PLC signed a 20-year liquefaction tolling agreement with Freeport LNG Expansion LP covering 4.4 million tonnes/year, which would be the production capacity of a second train at Freeport LNG’s proposed liquefaction and LNG terminal at Quintana near Freeport, Tex.

Michael S. Smith, Freeport LNG chief executive officer, said his company already has contracts signed last year with Osaska Gas Co. Ltd. and Chubu Electric Power Co. for another 4.4 million tonnes/year total.

“With the first two liquefaction trains of the project fully contracted, we intend to approach the financing markets imminently so that we can begin construction on the initial two-train facility as soon as we receive FERC approval,” Smith said.

The project awaits construction authorization from the US Federal Energy Regulatory Commission and authorization from the US Department of Energy to export LNG to non-Free Trade Agreement countries.

DOE is expected to review Free port LNG’s non-FTA export application after a comment period on an LNG export study ends Feb. 25.

Freeport LNG Expansion is a subsidiary of Freeport LNG Development LP.

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