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

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