Freeport

Fresh from the Aliso Canyon natural gas storage leak, Los Angeles now is contending with continuing concerns about a Freeport McMoRan Inc. (FCX) wellsite that has been reactivated adjacent to a environmental studies magnet school southwest of downtown.

With debt and equity financing of about $11 billion confirmed, the first two trains of the Freeport LNG natural gas liquefaction and export facility on Quintana Island near Freeport, TX, are cleared for construction, Freeport LNG Expansion LP said Tuesday.

Cheniere Energy’s Sabine Pass liquefied natural gas (LNG) terminal in Texas is nearing completion to become the first operational terminal of its kind in the Lower 48. Dominion has begun turning dirt for its Cove Point LNG export project in Maryland, and Freeport LNG has secured financing for the first train at its terminal planned for Quintana Island in Texas.

Freeport-McMoRan Inc. is marketing up to $5 billion of onshore assets in the United States to concentrate resources on Gulf of Mexico opportunities, the company said Wednesday.

A Global Infrastructure Partners (GIP) fund is acquiring a 25% stake in Freeport LNG Development LP from a consortium of institutional investors managed by Hastings Funds Management (USA) Inc. and Zachry American Infrastructure LLC.

FERC staff Friday issued the draft environmental impact statement (DEIS) for the Phase II Modification Project and the Liquefaction Project proposed by Freeport LNG. Construction would entail “significant and unavoidable impacts;” however, mitigation measures would reduce other impacts “to less-than-significant levels.”

Major Japanese liquefied natural gas (LNG) buyers Osaka Gas Co. Ltd. and Chubu Electric Power Co. Inc. have agreed to put up $1.2 billion of equity funding for Freeport LNG Expansion LP’s liquefaction and loading facility on Quintana Island near Freeport, TX. Both companies previously signed tolling agreements with Freeport.

Freeport LNG Expansion LP has snagged a $1.3 billion equity investment from IFM Investors for its proposed liquefied natural gas (LNG) liquefaction and export facility on Quintana Island near Freeport, TX. Funds will support development of the facility’s second train.

FERC has revised its schedule for the completion of the final environmental impact statement (FEIS) for Sempra Energy’s Cameron Liquefaction Project, pushing its release back five months.