Freeport LNG export project has secured financing for the first of three liquefaction units proposed for a natural gas export terminal.
Japan's Osaka Gas and Chubu Electric Power, which previously contracted to buy the liquefied natural gas from the plant, will invest $1.2B in the project while Freeport LNG will borrow $3.85B from some Japanese banks to pay for the construction of the first train.
ConocoPhillips (NYSE:COP) and Dow Chemical (NYSE:DOW) are the most well known of the project's partners.
LNG Price at posting:
$3.54 Sentiment: Hold Disclosure: Held
