Anchoring

ConocoPhillips Takes 50% Stake in Freeport LNG, Will Fund, Build, Operate Terminal

Further anchoring the proposed Freeport, TX, liquefied natural gas (LNG) import terminal, ConocoPhillips last week bought a 50% stake in the project, agreed to provide $400-450 million in construction funding and will build and operate the terminal for Cheniere Energy and the other partners in Freeport.

December 29, 2003