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Total SA signs on as Freeport LNG project customer after Toshiba deal closing

Total SA closed its acquisition of Toshiba Corp. subsidiary Toshiba America LNG Corp., allowing the French oil major to become a customer of the Freeport LNG Development LP export terminal on Quintana Island in Texas.

The $800 million deal includes a 20-year tolling agreement for 2.2 million tonnes per annum of LNG from the third liquefaction train of the Freeport LNG terminal. Total will start buying LNG from the terminal when the third train starts commercial operations in May 2020, according to a Sept. 3 news release.

"We are excited to welcome Total to our project," Freeport LNG founder, Chairman and CEO Michael Smith said in the release. "Total joins Freeport's exceptional customer line-up and together we will make U.S. LNG available throughout the world."

The Federal Energy Regulatory Commission authorized the initial shipments from Freeport LNG on Aug. 1. The export terminal, which will have three trains before a planned expansion, is expected to be able to produce about 15.3 mtpa of LNG.

Freeport LNG's train 1 is slated to begin service later in September, while train 2 is advancing pre-commissioning work to allow for an in-service date of January 2020, the developer said. (FERC dockets CP12-509 and CP12-29)