Freeport LNG

Citing shipping data from Bloomberg Finance, the US EIA estimates that LNG exports set consecutive records in October and November 2019. Through the first 11 months of the year, US LNG exports have gone up 61% from their 2018 annual average.

The virtual storefront will allow Freeport LNG to match physical, bilateral transactions with potential offtakers in a variety of trading formats. It is expected to launch this November.

Freeport marks the sixth major LNG export facility to start operations in the US. Commercial deliveries are expected to begin in September, with Osaka Gas and JERA taking half of the Train 1’s offtake capacity.

The introduction of feed gas into Train 1 of the natural gas liquefaction and LNG export facility marks the transition from construction to startup. Upon startup, Freeport LNG will become the first world-scale electric LNG liquefaction plant in North America.

The US Department of Energy authorized the export from the terminal’s fourth liquefaction train to countries that have no free trade agreement with the US.