Freeport LNG has struck the first commercial deal for its proposed Texas export project less than two months after pressing the reset button on marketing.
Chief executive and major shareholder Michael Smith (left) said the terminal operator has signed a heads of agreement covering the full capacity of the first 4.4 million tonnes per annum train, although the Texas oilman declined to name the company.
Smith did note that the vast majority of commercial talks have been with Asian buyers.
The partner is still awaiting board approval for the agreement, which is expected shortly.
