Freeport LNG Development, L.P. ("Freeport") is the owner and operator of a receiving and regasification facility on Quintana, near Freeport, Texas. Freeport is leveraging its existing infrastructure for the brownfield development of a three-train LNG liquefaction project. Freeport is an ideal location for this new LNG facility as it is accessed by a short marine channel, is close to two of the largest gas hubs in the world and will be the only LNG terminal in this location. Freeport LNG is one of a very small number of LNG development projects that has received regulatory approval to export LNG to FTA (Free Trade Agreement) countries and is at an advanced stage of development.
In 2013, GIP made an investment in Senior Secured PIK Notes, which are secured by an equity interest in Freeport. In 2014 GIP acquired a 25% equity interest in Freeport. Freeport is one of a small number of LNG export projects now being constructed and expects to achieve commercial operation of its first liquefaction train in 2018.View Next Investment