Trafigura purchase deal with Freeport LNG

Freeport LNG announced today it has entered into a binding mid-term sales and purchase agreement with Trafigura for 0.5 million tons per annum (mtpa) of LNG. The LNG will be be supplied from its export facility under construction on Quintana Island near Freeport, Texas. The three year FOB SPA with Trafigura will start on July 1, 2020, soon after the expected completion of construction of the third liquefaction train.

The Quintana Island terminal started LNG import operations in June 2008, and is expected to begin LNG export operations in 2019. Three natural gas liquefaction trains are currently under construction and are expected to produce in excess of 15 mtpa of LNG.

"We welcome Trafigura's more than 25 years of global commodity trading experience to Freeport LNG's expanding operations. We view this as the start of a long-term relationship that will be key in growing our future business," said Michael S. Smith, Chief Executive Officer, Freeport LNG.