Freeport LNG Looking For Financing – Planning Gas Exports

Alos Seeking Approval To Expand From 1.4 To 2.8 Bcfd
Freeport TX LNG

Freeport, TX | Click to Enlarge

Freeport LNG is looking to raise more than $7.5 billion to begin construction at its proposed LNG export facility in Freeport, TX.

The Energy Department has approved 1.4 Bcfd in exports at the site and the company is seeking approval for an additional 1.4 Bcfd. The facility still needs FERC approval and expects to know more in 2014. If everything goes as planned, one export train a year will come online starting in 2017. [Read more…]