Total takes over US LNG business of Toshiba
June 1, 2019
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.
