Skip to content
Subscriber Only

BP Takes U.S. LNG Export Capacity at Freeport Terminal in Texas

BP Plc, Europe’s second-biggest energy company, signed a deal to export U.S. gas from the Freeport terminal in Texas, joining Royal Dutch Shell Plc, Exxon Mobil Corp. and Total SA in the race to ship burgeoning North American production overseas.

BP’s 20-year contract is for 4.4 million tons a year, the same size as earlier agreements with Osaka Gas Co. and Chubu Electric Power Co. of Japan to start supplies from 2017 from the plant’s first unit, Freeport said in a statement. The liquefaction tolling agreement with BP will commence upon completion of Freeport LNG’s second production unit, or train.