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Total takes over US LNG business of Toshiba

June 1, 2019

Total takes over US LNG business of Toshiba

Total has signed an agreement with Toshiba to take over its portfolio of LNG, which includes a 20-year tolling agreement for 2.2 MTPA of LNG from Freeport LNG Train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal. Train 3 of the Freeport LNG plant is expected to start commercial operations by Q2 2020. The transaction is expected to close by the end of 2019.

Edited from Total press release.