FLNG STARTS COMMERCIAL OPERATIONS

A tanker that will carry the first commercial cargo from Freeport LNG Liquefaction Train 1 sits at the company's dock in mid-December.

Freeport LNG announced the start of commercial operations for its first liquefaction train Dec. 8. Freeport's Train 1 is part of a multi-train liquefaction facility located on Quintana Island near Freeport.

"This is a significant milestone for Freeport LNG and we now look forward to commencing commercial operations of Trains 2 and 3," said Michael Smith, founder, chairman and CEO of Freeport LNG.

Commissioning work for Freeport LNG's Train 2 continues to progress with commercial operations expected to start this month. Construction on Freeport LNG's Train 3 is nearly complete with commercial operations expected in May.

Freeport LNG's three trains are expected to produce in excess of 15 million metric tons per annum. A fourth train is in development. Freeport LNG recently announced it has raised just over $1 billion for its Train 4 project which, combined with a contemplated bank facility, will provide the capital required for Train 4. Final Investment Decision for Freeport LNG's Train 4 is targeted for the first quarter of 2020.

When Train 4 comes on line, Freeport LNG will rank as the eighth-largest LNG facility globally.

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