The Dow Chemical Co and Freeport LNG Development LP sign agreement regarding proposed Gulf Coast liquefied natural gas terminal.

(From Chemical Business NewsBase - Press Release)

The Dow Chemical Co (Dow) has reached an agreement with Freeport LNG Development LP (Freeport LNG) regarding Dow's intent for the potential long-term use of Freeport LNG's proposed liquefied natural gas (LNG) receiving terminal. The proposed terminal would be constructed on Freeport LNG's site on Quintana Island, TX. The agreement envisions that Dow will have processing rights for 3.6 M tonnes/y of foreign-sourced LNG (500 M cu ft/day) for a period of 20 years, beginning in 2007. The anticipated LNG supply would partially be used to satisfy Dow's demand for natural gas at its petrochemical facilities located along …