November 22, 2010 / 12:26 AM / 9 years ago

REFILE-Macquarie, Freeport to build Texas LNG export terminal

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NEW YORK, Nov. 21 (Reuters) - Liquefied natural gas terminal developer Freeport LNG and Macquarie Bank have agreed to build an export plant in Texas to send US-produced gas overseas, a spokeswoman for Macquarie told Reuters.

The plant, which would be able to export 1.4 billion cubic feet per day of gas by 2015, will cost about $2 billion and will be build on the site of Freeport LNG’s existing import terminal. Freeport LNG will operate the plant, with Macquarie contributing to development costs.

Macquarie and Freeport plan to jointly market half of the export plant’s capacity, with the other half being offered to Freeport’s existing import customers Dow Chemical and Conocophillips . (Reporting by Ed McAllister; Editing by Himani Sarkar)

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