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Freeport LNG to Continue Construction Despite Supply Uncertainties

Platts Gas Daily reports that Freeport LNG Development will continue building its 1.5 Bcf/d import terminal in Brazoria County, Texas despite supply uncertainties. “Our customers’ supply arrangements are their business,” said Hugh Urbantke, the company’s
October 12, 2006

Platts Gas Daily reports that Freeport LNG Development will continue building its 1.5 Bcf/d import terminal in Brazoria County, Texas despite supply uncertainties. “Our customers’ supply arrangements are their business,” said Hugh Urbantke, the company’s chief financial officer. “We’re a tolling company and it’s a user-pay agreement. Whether they toll LNG through our facility or not, we get paid pretty much the same amount.” [Subscription required]

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