Japan’s JERA, the world’s biggest individual buyer of liquefied natural gas (LNG), said on Monday it will by a 25.7% stake in Freeport LNG Development (FLNG) for about $2.5 billion.
FLNG operates the Freeport LNG project in Texas, which has three liquefaction units, known as trains, and is planning to start up another in around 2026.
JERA, which already has a share of Train 1 of Freeport LNG, said in a statement it “will also work with FLNG to advance new LNG projects including production capacity expansion and the development of Train 4.”
Source: Reuters.com