Japan's JERA, the world's biggest individual buyer of liquefied natural gas (LNG), said on Monday it will by a 25.7% stake in Freeport LNG Development (FLNG) for about $2.5 billion.
FLNG operates the Freeport LNG project in Texas, which has three liquefaction units, known as trains, and is planning to start up another in around 2026.
JERA, which already has a share of Train 1 of Freeport LNG, said in a statement it "will also work with FLNG to advance new LNG projects including production capacity expansion and the development of Train 4."More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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