Freeport LNG Affiliate and Sumitomo Enter Into HOA

FLNG Liquefaction 4, LLC, a wholly owned subsidiary of Freeport LNG Development, L.P., and Sumitomo Corporation of Americas (SCOA) jointly announced that they have entered into a binding Heads of Agreement (HOA) for 2.2 million tons per year of LNG. Under the HOA, SCOA has agreed to negotiate for a 20-year liquefaction tolling agreement (LTA). The LTA is expected to start in 2023 upon the commencement of commercial operations of Train 4 of Freeport LNG’s liquefaction and export facility under construction on Quintana Island near Freeport, Texas.

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