Freeport LNG could go public, says CEO

Freeport LNG could go public, says CEO

Freeport LNG Development CEO Michael Smith said he expects his company to launch an initial public offering in the future. 


Smith told Bloomberg he expects that Freeport LNG would be a $10 billion-plus public company at some phase during the construction of the facility.

The construction of the $14 billion facility is about to start next month with first exports expected to leave Freeport LNG in 2018.

Smith holds 57.5% of the Freeport LNG with Dow Chemical owning a 7.5% stake. Osaka Gas holds 10% while Global Infrastructure Partners earlier bought 25% stake previously held by Zachry American Infrastructure and Hastings Funds Management.

 

LNG World News Staff, October 8, 2014; Image: Freeport LNG

Share this article

Follow LNG World News

2 thoughts on “Freeport LNG could go public, says CEO”

  1. Pingback: otis

Comments are closed.

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >