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Freeport LNG affiliate and Sumitomo enter into HoA

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LNG Industry,

FLNG Liquefaction 4, LLC, a wholly owned subsidiary of Freeport LNG Development, LP., and Sumitomo Corporation of Americas (SCOA) have jointly announced that they have entered into a binding Heads of Agreement (HoA) for 2.2 million tpy of LNG.

Under the HoA, SCOA has agreed to negotiate for a 20-year liquefaction tolling agreement (LTA). The LTA is expected to start in 2023 upon the commencement of commercial operations of Train 4 of Freeport LNG’s liquefaction and export facility under construction on Quintana Island near Freeport, Texas.

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