IFM Invests $1.3B In Freeport LNG Export Facility

Law360, Washington (December 16, 2013, 3:10 PM EST) -- Private investment firm IFM Investors will provide $1.3 billion in funding toward the construction of Freeport LNG Expansion LP’s Texas-based natural gas liquefaction facility and export terminal, the companies announced Monday.

Under the terms of the funding deal, IFM will provide equity for the development of the second of three planned liquefaction plants, or trains, at the Quintana Island, Texas facility. Assuming regulatory and other necessary approvals, the funding deal is expected to close in mid-2014, according to the companies.

Michael S. Smith, CEO of Freeport...
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