Freeport LNG Funding, Investors & Competitors
Freeport LNG has raised $1.3B across 1 funding round, most recently a $1.3B undisclosed-stage round in October 2014.
Last Freeport LNG funding round
$1.3B
Undisclosed stage · Oct 2014
Cumulative funding Freeport LNG raised
$1.3B
across 1 funding round
Key investors in Freeport LNG
IFM Investors
JERA
About Freeport LNG
Freeport LNG is a Houston-headquartered liquefied natural gas export terminal operator on Quintana Island, Texas, capable of producing 15 million tonnes per annum across three trains. Converted from an import facility in 2013 amid the U.S. shale boom, it exports LNG to markets in Europe, Asia, and South America under long-term contracts with buyers like Osaka Gas and BP. The site includes pretreatment units, power generation, and a shipping channel handling Q-Max vessels, positioning Freeport as one of America's top LNG suppliers.
Founded
2002
HQ
QuintanaWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Sectors
Freeport LNG Funding History
Freeport LNG has raised a total of $1.3B across 1 funding round, plus 1 secondary share sale.
Freeport LNG funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2021 | Secondary | JERA (lead) | $2.5B | JERA Americas, a subsidiary of Japan's JERA, agreed to acquire a 25.7% stake in Freeport LNG Development for $2.5 billion in November 2021. The transaction involved the purchase of Global Infrastructure Partners' interest in the Texas-based liquefied natural gas export facility. JERA, already a participant in Train 1 of the facility, increased its ownership to gain access to the entire existing three-train Freeport LNG project and planned future expansion projects. The Freeport LNG facility operates with a total capacity of approximately 15.45 million metric tons per annum across its three existing trains and has contracted approximately 13.4 mtpa of production capacity under long-term 20-year liquefaction tolling agreements with buyers including Osaka Gas, BP, Toshiba, and Total. Following the transaction, JERA committed to working with Freeport LNG to advance new projects including production capacity expansion and development of a fourth liquefaction train, which was planned to add approximately 5.35 million mtpa of capacity. The investment reflects JERA's strategy to secure stable LNG supplies for Japan and other Asian importing countries, with the expectation of gaining access to additional equity capacity from both the planned Train 4 expansion and unsold capacity from existing operations. |
| Oct 2014 | Undisclosed stage | IFM Investors | $1.3B | IFM Investors agreed to invest approximately USD 1,300 million of equity into the second liquefaction train of the Freeport LNG export project, under an agreement first signed in December 2013 and recorded by IFM as an acquisition dated 31 October 2014. The commitment covered the full equity requirement of Train Two and sat alongside roughly USD 1,200 million of equity provided by Osaka Gas and Chubu Electric for Train One. Freeport LNG owns and operates a liquefied natural gas export terminal at Quintana Island, Texas. The three-train facility began export operations in 2019 after a multi-year construction programme and is one of the largest LNG export plants in the United States. The investment was made through the IFM Global Infrastructure Fund. The figure is the equity commitment to the Train Two project entity rather than an enterprise value for Freeport LNG as a whole. |
Who has invested in Freeport LNG?
2 investors have backed Freeport LNG across its funding rounds, including IFM Investors and JERA.
Lead investors include JERA.
Freeport LNG Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialFreeport LNG Competitors
Freeport LNG competitors include listed companies like Aramco, ExxonMobil, Chevron and PetroChina, and private ones like Cepsa and ONGC Tripura Power Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Saudi Arabia | Publicly listed | $446B | $213B | $1.6T | 3.7x | |
| United States | Publicly listed | $324B | $68B | $671B | 1.8x | |
| United States | Publicly listed | $184B | $41B | $415B | 2.0x | |
 China | Publicly listed | $427B | $70B | $282B | 0.7x | |
 Madrid | Private | - | - | $12B | - | |
 New Delhi | Private | - | - | $194M | - |
Freeport LNG Public Comps
Freeport LNG is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, PetroChina, Shell, TotalEnergies, Reliance Industries, NextEra Energy, ConocoPhillips and Iberdrola.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $446B | $213B | 3.9x | 3.7x | 8.2x | 7.1x | |||
| $324B | $68B | 2.2x | 1.8x | 10.5x | 8.0x | |||
| $184B | $41B | 2.4x | 2.0x | 10.8x | 7.2x | |||
| $427B | $70B | 0.8x | 0.7x | 4.7x | 4.4x | |||
| $267B | $55B | 1.2x | 1.0x | 5.8x | 4.5x | |||
| $182B | $38B | 1.3x | 1.2x | 6.3x | 5.0x | |||
| $110B | $20B | 1.9x | 1.7x | 10.4x | 10.3x | |||
| $27B | $16B | 10.5x | 9.6x | 17.9x | 16.2x | |||
This data is available for Pro users. Sign up to see all Freeport LNG competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Freeport LNG
| When was Freeport LNG founded? | Freeport LNG was founded in 2002. |
| Where is Freeport LNG headquartered? | Freeport LNG is headquartered in Quintana, United States. |
| Is Freeport LNG publicly listed? | No, Freeport LNG is a private, VC-backed company. |
| How much funding has Freeport LNG raised? | Freeport LNG has raised $1.3B across 1 funding round. |
| What was Freeport LNG's last funding round? | Freeport LNG's last funding round was a $1.3B undisclosed-stage round in October 2014. |
| Who are Freeport LNG's investors? | Freeport LNG's investors include IFM Investors and JERA. |
| Which companies are comparable to Freeport LNG? | Companies comparable to Freeport LNG include Aramco, ExxonMobil, Chevron, PetroChina, Cepsa and ONGC Tripura Power Company. |
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