Oil & Gas

Freeport signs up Train 4 financing

Freeport LNG has reached a deal to raise $1.025 billion from Westbourne Capital and its partners. The cash will go to supporting a fourth train at the plant. A commissioning cargo from Freeport LNG’s Train 1 was exported on September 3. The announcement comes as Cheniere Energy Partners has increased the size of a notes offering to $1.5bn, from the proposed $1bn.


Corpus Christi completion boosts Cheniere capacity

Cheniere Energy has officially declared Train 2 at its Corpus Christi facility to be operational. Commissioning has been completed and the contractor, Bechtel, has passed responsibility for the site to Cheniere, a statement on September 3 said.


Cheniere to develop LNG futures contract with CME Group

Cheniere Energy is working with derivatives marketplace CME Group to develop a futures contract for liquefied natural gas, a move that could make the burgeoning market for U.S. LNG more transparent as a host of companies move toward exporting it.