A fourth liquefaction train is planned for Freeport LNG
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 la
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