The Freeport LNG CCS project is immediately adjacent to Freeport LNG’s natural gas pre-treatment facilities located near Freeport, on the Gulf Coast, approximately 60 miles southwest of Houston, Texas.

The project will utilize a Freeport LNG-owned geological sequestration site located less than half a mile from the point of capture with up to a 30-year injection term and will permanently sequester CO2.

The project benefits from a dedicated source of CO2 and a secured injection site in close physical proximity and, therefore, has limited commercial barriers and a rapid execution timeline assuming efficient regulatory approval processes.

Additionally, the site is located within 25 miles of up to an additional 15 million metric tonnes per annum of incremental CO2 emissions from major industrial sources, which offers the potential for expansion in the future.

Storegga, Talos Energy, and Freeport LNG Development have signed a Letter of Intent to develop the project in November 2021. Talos is expected to be the project manager and operator partner of the project.