Dow Chemical unit buys interest in Texas LNG project

By OGJ editors

HOUSTON, Dec. 16 -- Dow Chemical Co. subsidiary Texas LNG Holdings LLC has purchased a 15% ownership interest in Freeport LNG Development LP from Freeport LNG Investments LLLP (limited liability limited partnership).

Freeport LNG Development LP has approval from the Federal Energy Regulatory Commission for an LNG receiving terminal on Quintana Island, near Freeport, Tex. (OGJ Online, June 21, 2004).

Freeport LNG Development LP is a Delaware limited partnership whose general partner, Freeport LNG-GP Inc., is equally owned by Michael S. Smith and ConocoPhillips. The partnership's limited partners are now Freeport LNG Investments LLLP 45%, Cheniere Energy 30%, Texas LNG Holdings LLC 15%, and Contango Oil & Gas Co. 10%.