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.
Toshiba Corp. will transfer its rights to process natural gas at the Freeport LNG project in Texas to France’s Total SA, the companies said on Saturday.
Freeport-McMoRan has appointed two new members to its board of directors. The move comes a day after the company revealed it would be considering whether to make changes to the oil and gas side of its business. Andrew Langham and Courtney Mather will join the team which is comprised of 11 directors, nine independent directors and two executive directors.