LNG / CNG | Deals - Joint Ventures
Freeport LNG, BP Ink LNG Tolling Agreement
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Freeport LNG Expansion L.P. has entered into a binding 20-year Liquefaction Tolling Agreement (LTA) with BP for 4.4 million tons per annum (mtpa), equivalent to the production capacity of the second train of Freeport LNG's proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. The LTA with BP will commence upon completion of construction of the second liquefaction train.
"We welcome BP's more than 30 years of global LNG industry experience investing in, developing, constructing and operating facilities across the entire LNG value chain," said Michael S. Smith, Chief Executive Officer, Freeport LNG.
In July 2012, Freeport LNG executed LTAs with Osaka Gas Co., Ltd. and Chubu Electric Power Co. for a total of 4.4 mtpa. The Osaka Gas and Chubu…
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