Freeport LNG Plans to Add Liquefaction Capacity

Freeport LNG and Australian bank Macquarie have announced that they will partner to install natural gas liquefaction capacity totaling 1.4 Bcf/d at the Freeport LNG terminal site. Freeport LNG Chairman and CEO cited the expansion of U.S. natural gas reserves from shale gas plays. According to the Houston Chronicle, the project will cost approximately $2 billion and should be complete by 2015.

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