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Freeport LNG updates on restart timeline

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Tanks and Terminals,

Freeport LNG Development L.P. has completed a detailed assessment of alternatives for resuming operations at its liquefaction facility following the 8 June incident and has identified a recovery plan for reinstatement of partial operations that it believes ensures the long-term safety and integrity of the facility, provides recovery execution certainty, and minimises procurement and performance testing risks.

Although typical construction risks could impact the recovery plan, it is anticipated that initial production can commence in early to mid-November 2022, and ramp up to a sustained level of at least 2 billion ft3/d by the end of November, representing over 85% of the export capacity of the facility. The recovery plan will utilise Freeport LNG's second LNG loading dock as a lay berth until loading capabilities at the second dock are reinstated in March 2023, at which time the facility anticipates being capable of operating at 100% capacity.

Freeport LNG has engaged Kiewit Energy Group Inc. to perform the engineering, procurement, and reconstruction activities necessary to implement Freeport LNG's recovery effort. Kiewit has significant LNG facility experience including both greenfield and brownfield developments and large and small/mid-scale LNG projects.

Freeport LNG continues to coordinate closely with representatives of the Pipeline Hazardous Materials Safety Administration, the Federal Energy Regulatory Commission, the US Coast Guard and other applicable regulatory agencies to implement its recovery plan and corrective measures to ensure a safe and confident resumption of operations.

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