Freeport LNG Project
The Freeport LNG Project is a project in Texas, U.S.A. undertaking the liquefaction of natural gas.
In 2014, Chubu Electric Power Company ("Chubu") and Osaka Gas each acquired a 25% equity interest in FLNG Liquefaction, LLC, the owner and operator of the first liquefaction train of this project. In addition, both companies have signed a pipeline usage agreement with major U.S. pipeline operator, Gulf South Pipeline Company that includes a new route to first liquefaction train facilities, making procurement from the major natural gas production areas in the U.S possible.
Through the development of Freeport’s first liquefaction train and procurement of low-cost natural gas from the U.S., we can achieve competitive LNG procurement without destination restrictions, and at the same time contribute to the decentralization of supply sources and diversification of the price index.
JERA succeeded to this project from Chubu in July 2016.