Skip to main content

Buckeye Partners receives IFM GIF’s interest in Freeport LNG Train 2

Published by , Editorial Assistant
Hydrocarbon Engineering,


Buckeye Partners, LP has announced that the IFM Global Infrastructure Fund (IFM GIF) has contributed its 57.6% equity interest in Freeport LNG Development, LP’s second liquefaction train (Train 2) into Buckeye. On 17 January 2020, Freeport LNG announced that Train 2 had successfully begun commercial operations with the commencement of gas deliveries from BP under its 20 year tolling agreement.

“The contribution of IFM GIF’s equity interest in Train 2 is the first step in a broader diversification strategy for Buckeye and further demonstrates IFM’s support of and commitment to Buckeye,” said Clark C. Smith, President and CEO of Buckeye. “The Train 2 equity interest will meaningfully increase our cashflows as well as decrease leverage. We also would like to congratulate the Freeport LNG team for the successful start-up of Train 2 and commencement of commercial operations.”

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/22012020/buckeye-partners-receives-ifm-gifs-interest-in-freeport-lng-train-2/

You might also like

Emerson to build new manufacturing hub in Saudi Arabia

The facility will provide customers with services for control systems engineering, staging and testing, manufacturing of differential pressure transmitters and control valves, and pressure relief and solenoid valve assembly.

 
 

Embed article link: (copy the HTML code below):