Freeport LNG Update on Initial Restart of Export Facility

Freeport LNG today provided an update on the ongoing reconstruction and resumption of operations at their natural gas liquefaction and LNG export facility. As of November 14th, the reconstruction work necessary to start initial operations was approximately 90% complete. This includes utilization of all three liquefaction trains, two LNG storage tanks and one dock.  All reconstruction work is anticipated to be completed by the end of November 2022. 

Proposed remedial work activities for a safe restart of initial operations have been submitted to the relevant regulatory agencies for review and approval. Subject to Freeport LNG meeting its regulatory requirements, the company is targeting initial production at the facility in mid-December. It is expected that approximately 2 BCF per day of production will be achieved in January 2023. Full production utilizing both docks is anticipated to begin in March 2023.

"Our teams have worked diligently over the last several months alongside regulators to ensure the safe restart of our facility. I am immensely grateful for their efforts," said Michael Smith, Founder, Chairman and CEO. "We are committed to moving forward with an uncompromising safety focus and enhanced operational processes that will enable us to chart a safe, sustainable path forward to serve our customers and the broader LNG market as a whole."