The US shale revolution has caused a fundamental shift in the transportation of natural gas. Brent Wahl, Managing Director, US Power, Utilities and Renewables at Macquarie Capital, discusses how Freeport LNG took advantage of this shift to become one of the world’s largest natural gas liquefaction and LNG export facilities.
At the end of March 2015, Zachry Industrial, CB&I and Chiyoda International Corp., were awarded a contract to build the third train of the Freeport LNG project.
The contract was valued in excess of US$2 billion. The engineering, procurement and construction (EPC) scope of work includes a double-walled, full-containment 165 000 m3 LNG storage tank, which will be supplied by CB&I. Upon completion, the three train facility will have a total export capacity in excess of 13.9 million tpy of LNG.
Macquarie Capital is serving as Freeport LNG’s sole financial advisor with respect to the financing for the project.
Edited from various sources by Katie Woodward