2025 was an extraordinary year for Freeport LNG, with significant accomplishments across many areas of our business. Thanks to the dedication, vigilance and valuable contributions of our employees, we kept our people, property and community safe, while achieving notable milestones in setting all-time records in production and reliability. With that, the title of this report is fitting: Safety. Energy Delivery. Community Stewardship: Our 2025 Progress.
We achieved all of our safety goals, with over 2 million manhours worked in 2025. Our TRIR for the year was 0.30. We also continued to progress key Process Safety Management (PSM) initiatives and related efforts, which are further detailed in the Health and Safety section of this report.
Michael Smith, Founder, Chairman and CEO
Notable highlights for Freeport LNG in 2025 included:
- Loading our 1000th cargo
- Achieving the first export from our helium project
- Marking record LNG production throughout the year due to our investments made in reliability; we achieved record reliability in 2025 of 96.5%
- Realizing notable production progress resulting from our debottlenecking efforts
- Marking significant benefits from increased performance in our ethane injection project
- Meeting a companywide staffing goal that included a concerted effort to increase engineering staffing
- Safely returning our third LNG storage tank to service
When it comes to the broader LNG market, energy security remains front and center. At the time of this report’s publishing, the monumental effects of the continued conflict between the United States and Iran on energy markets are beginning to be realized. While there are ongoing steps being taken towards hopefully a peaceful and permanent end to the war, nearly 20% of the world’s LNG supply has been impacted by the conflict, with damage sustained at Qatar’s Ras Laffan LNG facility and LNG vessels not being able to travel through the Strait of Hormuz. While U.S. producers have stepped in to fulfill some of the LNG supply volumes disrupted by the conflict, LNG volumes that have been lost during the interruptions in the Persian Gulf cannot fully be replaced without new production.
Since the first U.S. LNG exports a decade ago, the U.S. has risen to become the world’s largest LNG supplier. In times of geopolitical challenges and supply disruptions, U.S. LNG has become a critical component of global energy security, enabling our allies to diversify their energy portfolios, stabilize markets and reduce vulnerabilities.
Against the backdrop of the current geopolitical landscape, there continue to be increases in global energy demand, chiefly related to continued growth in AI and related data center technologies and growth from developing economies.
Freeport LNG remains well positioned to address the need for increases in LNG demand. We have increased reliability across our operations, achieved incremental production gains, and remain committed to safe and sustainable LNG production. These efforts, collectively, led to record production performance in 2025. Additionally, with our all electric-drive facility, which dramatically reduces emissions relative to gas turbine fired facilities, Freeport LNG continues to produce the cleanest LNG in the industry.
While I am extremely proud of our employees and the great strides made in 2025, we cannot be complacent. With great achievement comes the challenge of maintaining great success. Even excellence can be improved, and we must continue to challenge ourselves to build upon the success we achieved in 2025.
In 2026 and for years to come, Freeport LNG will continue to make the investments necessary to sustain our safety performance, strive for increases in reliable production and improve operational excellence. Our employees are the lifeblood of our company and with their continued dedication and diligence, Freeport LNG’s future is brighter than ever.
Thank you and stay safe!