Items Tagged with 'freeport'

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U.S. LNG Terminal Development Gathers Pace

Cheniere Energy's Sabine Pass liquefied natural gas (LNG) terminal in Texas is nearing completion to become the first operational terminal of its kind in the Lower 48. Dominion has begun turning dirt for its Cove Point LNG export project in Maryland, and Freeport LNG has secured financing for the first train at its terminal planned for Quintana Island in Texas. Read More

Freeport Marketing More U.S. Onshore Assets

Freeport-McMoRan Inc. is marketing up to $5 billion of onshore assets in the United States to concentrate resources on Gulf of Mexico opportunities, the company said Wednesday. Read More

Global Infrastructure Partners Taking Stake in Freeport LNG

A Global Infrastructure Partners (GIP) fund is acquiring a 25% stake in Freeport LNG Development LP from a consortium of institutional investors managed by Hastings Funds Management (USA) Inc. and Zachry American Infrastructure LLC. Read More

FERC Issues DEIS for Freeport LNG Export Project

FERC staff Friday issued the draft environmental impact statement (DEIS) for the Phase II Modification Project and the Liquefaction Project proposed by Freeport LNG. Construction would entail "significant and unavoidable impacts;" however, mitigation measures would reduce other impacts "to less-than-significant levels." Read More

Japanese Customers Taking Equity Stake in Freeport LNG

Major Japanese liquefied natural gas (LNG) buyers Osaka Gas Co. Ltd. and Chubu Electric Power Co. Inc. have agreed to put up $1.2 billion... Read More

Equity Investor Putting $1.3B Into Freeport LNG

Freeport LNG Expansion LP has snagged a $1.3 billion equity investment from IFM Investors for its proposed liquefied natural gas (LNG) liquefaction and export facility on Quintana Island near Freeport, TX. Funds will support development of the facility's second train. Read More

FERC Delays Environmental Review of Cameron Liquefaction Facility

FERC has revised its schedule for the completion of the final environmental impact statement (FEIS) for Sempra Energy's Cameron Liquefaction Project, pushing its release back five months. Read More

Freeport LNG Given OK to Globally Export More Gas

The Freeport LNG Terminal on Quintana Island, TX, was given a conditional green light on Friday by the U.S. Department of Energy (DOE) for an expansion to carry additional volumes of liquefied natural gas (LNG) to countries without U.S. free-trade agreements (FTA). Read More

Phillips 66 Planning Gulf Coast LPG Export Terminal

Phillips 66 is planning to expand its midstream business with a liquefied petroleum gas (LPG) export terminal to be built at its existing marine terminal in Freeport, TX, the Houston-based company said. Read More

Freeport-McMoRan Considering JVs, MLP to Reduce Debt

Freeport-McMoRan Copper & Gold Inc., which scooped up two significant U.S.-based oil and natural gas operators earlier this year, now is looking at a range of options to reduce some of the debt that came with the buys, including asset sales, joint ventures or even a master limited partnership (MLP), CEO Richard C. Adkerson said Tuesday. Read More