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Freeport LNG Expansion LP (Freeport LNG) unit FLNG Liquefaction 3 LLC (FLIQ3) has secured $4.56 billion in capital required for the construction of the third train of Freeport LNG's liquefied natural gas (LNG) liquefaction and loading facility on Quintana Island near Freeport, TX. The construction cost for the combined three-train project is expected to be $12.5 billion, including owner's costs and interest during construction. An additional $3 billion was raised for refinancing and acquisition costs associated with the existing LNG import facility, letters of credit facilities, and a special contingency fund. With closing on financing, Freeport LNG has completed all milestones and issued a full notice to proceed to CB&I Inc., Zachry Industrial Inc. and Chiyoda International Corp. to construct the third train of the project. Full three-train operation is expected by the third quarter of 2019.  LNG production from the first liquefaction train is expected in early 2018, with commercial operation of the first train expected to commence by the third quarter of 2018 (see Daily GPINov. 25, 2014).

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