Freeport LNG CEO Sees Public Offering for Gas Export Company
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Freeport LNG Development LP Chief Executive Officer Michael Smith said he anticipates an initial public offering of the company, which has proposed a $14 billion facility in Texas to export liquefied natural gas.
“I fully expect our company to be a $10 billion-plus public company at some phase during the construction of the facility,” Smith said in a phone interview today. Construction is due to start next month and the company expects to begin exporting fuel as early as 2018.