Japanese Banks Backing Freeport LNG

Freeport LNG has through its subsidiary, FLNG Liquefaction, LLC, entered into definitive agreements for the debt financing of approximately USD 3.85 billion for the development of the first train facility (Train One) at its proposed LNG loading facility on Quintana Island near Freeport, Texas. The debt financing is being provided by Japan Bank for International Cooperation (JBIC) together with other six Japanese commercial banks. Pursuant to their previously announced agreement, Osaka Gas and Chubu Electric are investing approximately USD 1.2 billion for the development of Train One. Freeport LNG expects to soon make definitive agreements for the debt financing needs for its second train facility. Press Release