Freeport LNG
Oil and GasTexas, United States501-1000 Employees
Freeport LNG: Taking U.S. Natural Gas Global The shale gas revolution in the late 2000s marked a turning point in the U.S. oil and gas industry. For Freeport LNG, it meant taking our business in a new direction: transforming an import terminal into a natural gas liquefaction and liquefied natural gas (LNG) export facility. Now, we are on our way to becoming one of the first and largest U.S. exporters of LNG. What Makes Freeport LNG Successful? A Bright Future. The shale gas revolution opened up the possibility for the U.S. to gain a prominent position in the international energy markets. With access to an abundance of domestic reserves, Freeport LNG began to develop the liquefaction project in 2010. After securing world-class customers and closing financing, construction started in late 2014. The first three production units (or trains) will add approximately 15 million metric tonnes per year (mtpa) of nominal liquefaction capacity to the Quintana Island terminal facilities. An additional LNG train (Train 4) is under development. Good Business Inside and Out. Good business isn’t only about economics; it is also about the positive impacts on people and society. Internally, our values continue to shape our success. We place value on being accessible to colleagues at every level of the organization. Externally, this applies to fostering relations with our customers, to our community involvement and to our environmental stewardship. What Does Freeport LNG Mean to the U.S. and the World? - Job creation - Economic growth - Improvement in U.S. foreign trade imbalance - Global environmental benefits
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