Related Articles
A fourth liquefaction train is planned for Freeport LNG
Forward article link
Share PDF with colleagues

Jera increases stake in Freeport LNG

Japanese joint venture to buy share in the project’s operating company

Japan’s Jera has agreed to purchase a 25.7pc stake in the operating company of the Freeport LNG project in Texas from equity fund Global Infrastructure Partners (GIP) for approximately $2.5bn, subject to regulatory approval. Jera—a joint venture of Japanese utilities Tepco and Chubu Electric—already owns 25pc of Train 1 and has an offtake agreement in place for 2.32mn t/yr. Freeport has three liquefaction trains totalling 15.45mn t/yr of capacity. Jera says it will help advance the development of the fourth train. “As evidenced by the current gas price hikes around the world, securing a stable supply of competitive LNG is becoming increasingly important”, Jera says, adding that Freeport’s

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US renewables sector faces near-term challenges
26 January 2022
Supply-chain issues and rising costs present short-term difficulties for sector poised for rapid growth
INOC sets the stage for oil uptick
26 January 2022
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
TotalEnergies quits Myanmar
25 January 2022
The French major is transferring its stake in the Yadana gas field to its partners
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video