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Global LNG Hub
Home LNG Projects

JERA acquires stake in Freeport LNG

Editor by Editor
2 years ago
Reading Time: 1 min read
JERA acquires stake in Freeport LNG
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Japanese company JERA announced that it would buy a nearly $2.5 billion stake in Freeport LNG.

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This is equivalent to around a 26% stake in Freeport LNG Development (FLNG).

JERA, as of now, is the world’s largest purchaser of LNG – increasing its exposure to cheap U.S. gas is a solid move to secure demand for the future, a decision that might have been influenced by the high and volatile $30+ prices in the Asian markets witnessed this year.

In its public statement, JERA reported that it would “also work with FLNG to advance new LNG projects including production capacity expansion and the development of Train 4” at Freeport.

source: Gelber and Associates

Tags: FLNGFreeport LNGGelber and AssociatesJERALNG prices
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