Japanese Utilities to Invest $1.2 Billion In Freeport LNG Train 1

Bloomberg reports that Osaka Gas Company (Osaka) and Chubu Electric Power Company (Chubu) will each invest $600 million for their own 25% in shares of liquefaction Train 1 at Freeport LNG’s proposed export terminal near Freeport, Texas.  Train 1 is designed to produce 4.4 million metric tons of LNG per year starting in 2018.  Osaka and Chubu previously entered into tolling agreements covering 100% of the of the Train 1 liquefaction capacity.

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