Freeport LNG Development L.P Revenue and Competitors

Freeport LNG Development, L.P. has developed and is currently implementing a project to permit, design and construct an LNG receiving terminal in Freeport, Texas. This facility is being developed in response to the growing demand for natural gas in Texas markets and its need is supported by historical and projected trends in consumer demand and domestic gas supply. By creating access to new competitively priced LNG supplies, the project is consistent with the public interest in diversifying energy supplies and meeting future demand. The facility will be designed with storage capacity of 320,000 cubic meters (6.9 billion cubic feet), and a vaporization send-out rate of 1.5 billion cubic feet per day. The natural gas will be transported through a 9.4 mile pipeline that will extend to Stratton Ridge, Texas, which is a major point of interconnection for a number of Texas intrastate systems. The proposed LNG marine terminal and natural gas pipeline will be located entirely in Brazoria County, Texas. The LNG marine terminal, transfer lines, and the storage and vaporization units will be located on Quintana Island, southeast of the City of Freeport.