Freeport LNG
Freeport LNG Development, L.P. operates a three-train, 17+ mtpa LNG export terminal in Quintana, Texas, using the only all-electric motor-driven liquefaction technology in the U.S. It serves global utilities, energy traders, and industrial buyers under long-term tolling and offtake agreements, with Jera and Total as named anchor customers.
- Company typePrivate
- Founded2002
- HeadquartersQuintana, Mexico
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Freeport LNG does
Freeport LNG Development, L.P. is a private, Texas-domiciled limited partnership founded in 2002 that operates a liquefied natural gas export terminal on Quintana Island in Brazoria County, Texas. The facility comprises three operational liquefaction trains with combined capacity exceeding 17 million tonnes per annum (mtpa), and is differentiated by an all-electric motor-driven liquefaction architecture using APCI main cryogenic heat exchangers — the largest such installation in the world and the only one in the United States. This design reduces plant emissions by over 90% relative to typical gas turbine-driven LNG facilities and is further supported by access to the ERCOT grid, where renewables comprised over 45% of generation in 2025, positioning the company to supply low-carbon-intensity eLNG into European and Asian markets.
The company operates primarily under a tolling services revenue model, where customers supply natural gas and Freeport LNG charges liquefaction fees under long-term offtake agreements with global utilities, energy traders, and industrial buyers. Pricing is not publicly disclosed and contracts are multi-year. Named anchor customers include Jera (Japan's largest power generator, which also holds a 25.7% equity stake acquired in November 2021 for approximately $2.5 billion) and Total. Beyond core LNG tolling, the company is developing Train 4 expansion (capital raised in 2019), a Noble Gas/Helium extraction project (first export achieved in 2025), a Carbon Capture and Sequestration initiative with Talos Energy, and a planned LNG bunkering/marine barge terminal.
Freeport LNG's operating geographies span North America, Asia (Japan, China), and Europe (notably Germany and other buyers diversifying away from Russian gas), with LNG loaded onto carriers at the Quintana terminal for global maritime delivery. The company achieved record 96.5% reliability and loaded its 1,000th cargo in 2025, recovering fully from a June 2022 explosion and subsequent PHMSA consent agreement that triggered a multi-quarter restart. Leadership is anchored by founder Michael S. Smith (Chairman and CEO) and President/COO Sig Cornelius, with strategic financing relationships anchored by Japanese state agencies (JBIC, NEXI) and major Japanese private banks (MUFG, Mizuho, SMBC) collectively providing more than $3.85 billion in financing.
Freeport LNG firmographics
Firmographics- Name
- Freeport LNG
- Legal name
- Freeport LNG Development, L.P.
- Website
- https://freeportlng.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Freeport LNG Development, L.P. operates a three-train, 17+ mtpa LNG export terminal in Quintana, Texas, using the only all-electric motor-driven liquefaction technology in the U.S. It serves global utilities, energy traders, and industrial buyers under long-term tolling and offtake agreements, with Jera and Total as named anchor customers.
- Ownership category
- akta.pro rank
Freeport LNG industry classification
Industry- Product category
- LNG Export Services
- NAICS
- Pipeline Transportation of Natural Gas (48621)
- SIC
- Natural Gas Transmission (4922)
- akta.pro primary industry
- LNG Liquefaction Plants (Onshore & FLNG) (EUALAFAA)
- akta.pro secondary industries
- LNG Equipment & Technology (Cryogenic, Turbines, Heat Exchangers, Boil-off Systems) (EUALAFAH), LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD), LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC)
Keywords
Where Freeport LNG is headquartered
LocationHeadquarters
- HQ city
- Quintana
- HQ country
- Mexico
- HQ region
- Latin America
Offices2 records
Markets served
Freeport LNG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- LNG Tolling Services: Freeport LNG operates as a largely tolling facility where customers pay liquefaction fees to process their natural gas into LNG. The company does not typically purchase and resell the natural gas but provides liquefaction services. Revenue is generated through tolling arrangements with long-term offtake customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Long-term tolling agreements with LNG buyers |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Freeport LNG product offering
Product offeringCore offering
Freeport LNG operates a liquefied natural gas (LNG) export terminal in Quintana, Texas, consisting of three liquefaction trains with combined capacity exceeding 17 million tonnes per annum (mtpa). The company operates primarily as a tolling facility, providing LNG liquefaction services to enterprise customers including utilities, energy traders, and industrial buyers globally under long-term offtake agreements. The facility uses a unique all-electric motor drive technology (eLNG) that reduces associated plant emissions by over 90% compared to gas turbine-driven LNG plants.
Product overview
Freeport LNG operates a major LNG export terminal in Quintana, Texas, consisting of three liquefaction trains with combined capacity exceeding 17 million tonnes per annum (mtpa). The facility uses a unique all-electric motor drive technology (eLNG) that reduces emissions by over 90% compared to gas turbine-driven facilities. The core offering is LNG liquefaction and export services, with planned expansion through Train 4. Additional projects include a Noble Gas/Helium extraction project, Carbon Capture and Sequestration initiative with Talos Energy, and a planned marine barge terminal for LNG bunkering services.
Differentiator
Problem solved
Functional benefit
Products and services
- LNG Liquefaction Services Gas liquefaction services at the Freeport LNG terminal in Quintana, Texas, producing liquefied natural gas for export markets using three liquefaction trains with combined capacity exceeding 17 mtpa.
- eLNG (Electric-Motor Drive Liquefaction) An all-electric motor-driven LNG production facility, the largest of its kind in the world and the only one in the United States. The electric-drive technology reduces associated plant emissions by over 90% relative to typical natural gas-fired LNG plants.
- LNG Storage Services
Quantifiable outcome
- Over 90% reduction in plant emissions compared to gas turbine-driven LNG facilities
- +3 more outcomes
Companies that use Freeport LNG
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Freeport LNG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Freeport LNG partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Talos EnergycoreFreeport LNG and Talos Energy partnered to develop a Carbon Capture and Sequestration (CCS) project on the Texas Gulf Coast. The project enables sequestration of CO2 from Freeport LNG's pretreatment facility acid gas stream, accounting for approximately half of the company's total GHG emissions.
- Natural Gas Supply Association/Center for LNGminorTrade association membership providing insight and expertise on policy and regulatory issues affecting the LNG industry. Expenditures of nearly $274,000 in 2025 for membership.
- Brazosport Community Advisory Council (CAER)minorCommunity advisory panel comprising 8 local industrial facilities and community citizens that provides forum for dialogue on industry-related issues, safety, environmental performance, and quality of life.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Freeport LNG competitors and assessment
Company assessmentDirect peers
- Cheniere Energy: Largest US LNG exporter with Sabine Pass and Corpus Christi terminals. Operates a multi-train liquefaction platform selling LNG to global utilities and traders under long-term SPAs, making it the closest direct comparable to Freeport LNG.
- Venture Global LNG: US LNG developer and exporter with Calcasieu Pass, Plaquemines, and CP2 facilities. Competes directly with Freeport LNG for long-term offtake with global utilities and offers similar tolling/SPA commercial structures.
- Sempra Infrastructure: Operates Cameron LNG in Louisiana, a three-train facility exporting US LNG to Asian and European markets. Comparable scale, customer base, and tolling-style commercial model.
- Excelerate Energy: Operates floating LNG regasification and is expanding into US LNG export development. Adjacent in the LNG value chain with overlapping infrastructure and customer relationships.
Emerging players
- NextDecade: Developing Rio Grande LNG in Texas with planned CCS integration. A relevant emerging peer given shared US Gulf Coast location and growing focus on lower-carbon LNG supply.
- Tellurian: Developer of Driftwood LNG on the US Gulf Coast targeting similar global LNG customers. Smaller and earlier-stage but directly comparable in product category and target buyers.
Broad incumbents
- Dominion Energy (Cove Point LNG): Operates the Cove Point LNG export terminal in Maryland. Diversified US utility with LNG export operations, comparable in product category but smaller scale and a single-asset export model.
- Shell (LNG): Global integrated LNG major with US export interests (including Sabine Pass stakes) and worldwide portfolio trading. Competes with Freeport LNG for global LNG offtake customers and supplies low-carbon LNG marketing propositions.
- BP (LNG): Integrated energy major with significant global LNG portfolio and trading capabilities, including offtake from US LNG projects. Comparable customer base and global LNG commercialization strategy.
- TotalEnergies (LNG): Global LNG player and existing Freeport LNG customer since 2019. Operates a worldwide LNG portfolio overlapping in target customers and contract structures.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Freeport LNG social profiles
Digital presenceFreeport LNG compliance and trust
Trust signalCompliance8 records
Freeport LNG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Freeport LNG leadership team
Management profileNumber of profiles
Profiles2 records
Freeport LNG subsidiaries and ownership
Company hierarchySubsidiaries1 record
Freeport LNG funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Freeport LNG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Freeport LNG
What does Freeport LNG do?
Freeport LNG operates a liquefied natural gas (LNG) export terminal in Quintana, Texas, consisting of three liquefaction trains with combined capacity exceeding 17 million tonnes per annum (mtpa). The company operates primarily as a tolling facility, providing LNG liquefaction services to enterprise customers including utilities, energy traders, and industrial buyers globally under long-term offtake agreements. The facility uses a unique all-electric motor drive technology (eLNG) that reduces associated plant emissions by over 90% compared to gas turbine-driven LNG plants.
Is Freeport LNG a public or private company?
Freeport LNG is a private company. It is classified as venture growth investor backed and is currently operating.
When was Freeport LNG founded?
Freeport LNG was founded in 2002. It employs 251 to 500 people.
Where is Freeport LNG based?
Freeport LNG is headquartered in Quintana, Mexico, in the Latin America region.
How does Freeport LNG make money?
One revenue line is on record: LNG Tolling Services.
Who are Freeport LNG's main competitors?
Direct peers on record are Cheniere Energy, Venture Global LNG, Sempra Infrastructure and Excelerate Energy. Emerging players are NextDecade and Tellurian. Broad incumbents are Dominion Energy (Cove Point LNG), Shell (LNG), BP (LNG) and TotalEnergies (LNG).
Does Freeport LNG have an API?
No public API is recorded for Freeport LNG.
What industry is Freeport LNG in?
Freeport LNG's product category is LNG Export Services. Its primary akta.pro industry code is EUALAFAA, LNG Liquefaction Plants (Onshore & FLNG), with a secondary code of EUALAFAH, LNG Equipment & Technology (Cryogenic, Turbines, Heat Exchangers, Boil-off Systems). Its NAICS code is 48621 and its SIC code is 4922.