Freeport LNG Development has raised more than $1bn to add a fourth production unit to its export terminal on Quintana Island, near Freeport, Texas, US.

A consortium led by Australia-based independent investment manager Westbourne Capital is providing a $1.025bn mezzanine loan for the Train 4 expansion project.

The terminal began LNG import operations in June 2008 and is due to start export operations this year.

The first production unit is already in operation while the second and third units are under construction.

Freeport LNG founder, chairman and CEO Michael Smith said: “We are happy to continue to progress our Train 4 expansion with an eye towards FID in the next several months.

“The Westbourne-led consortium have all been very supportive investors of Freeport in the past and we are excited to do more with them to grow the company.”

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The Train 4 expansion will enable the export of an additional 5Mtpa of LNG, increasing the project’s total export capability to around 20Mtpa of LNG per annum.

Similar to the first three trains, Train 4 will utilise electric motors with variable frequency drive for the cooling and liquefaction compression power, leading to negligible incremental emissions.

KBR has secured a contract to provide engineering, procurement, construction, commissioning and startup of Train 4.

Earlier this month, Freeport LNG had shipped the first LNG commissioning cargo for Train 1. Approximately 150,000m³ of LNG were loaded aboard the LNG Jurojin.

The company said Train 2 is advancing pre-commissioning to support an in-service date of January 2020 while Train 3 is nearing completion to start services from May 2020.

Total has recently joined Freeport LNG’s suite of customers. The French energy firm completed its acquisition of Toshiba’s LNG portfolio, including its 20-year, 2.2Mtpa tolling agreement with Freeport LNG commencing upon commercial operation of Freeport LNG’s third liquefaction train.