Freeport LNG ships 1000th cargo
The LNG terminal operator announced the departure of the milestone shipment in a social media post on Friday. The cargo was lifted by Freeport's customer TotalEnergies. TotalEnergies has a 20-year offtake deal for Freeport LNG volumes.
Freeport said that it could not have achieved this 1000th cargo without the support of the U.S. Coast Guard, Brazos Pilots Association, Port Freeport and the captain and crew of the LNG carrier BW Tulip. The 2018-built 173,400-cbm LNG carrier was on Monday heading towards the Mediterranean Sea, according to its AIS data provided by VesselsValue
Image: Freeport LNG
Freeport shipped[1] the 800th cargo in December last year.
This cargo was lifted by Japan's LNG trader and power firm Jera. Jera agreed[2] to sell a part of its stake in Freeport to compatriot Japan Petroleum Exploration (Japex) last year. Besides the Jera stake, Osaka Gas has a 10.8 percent stake in Freeport while Freeport LNG Investments holds a 63.5 percent stake.
Earlier this year, the LNG terminal operator completed its debottlenecking project, which increased the terminal's production capacity from an excess of 15 mtpa to just over 16.5 mtpa.
Freeport is also planning to add a fourth liquefaction train to boost its capacity by 25 percent.
In July, Freeport secured[3] an additional extension from the US Federal Energy Regulatory Commission (FERC) to construct the fourth liquefaction train.