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Toshiba sale of its US LNG business to ENN falls through
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Report summary
On April 11th 2019, Toshiba announced that ENN had informed them they were pulling out of their deal to purchase Toshiba's US LNG business. This business included a 20 year, 2.2 mmtpa tolling agreement from Train 3 at Freeport LNG and pipeline contracts to deliver gas to the terminal. We expect Train 3 to be complete by the middle of 2020. For Toshiba, they now have around a year to find a new buyer.
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