Michael Smith

Freeport LNG

Founder, Chairman & CEO

Michael Smith founded Freeport LNG Development, L.P in 2002 and is the company’s Chairman and Chief Executive Officer and majority shareholder. Freeport LNG Development, L.P. owns and operates an LNG terminal on Quintana Island, near Freeport, Texas. The terminal started LNG import operations in June 2008. In May of 2020, Freeport LNG began full, commercial LNG export operations from its three natural gas liquefaction trains. Up to 15 million metric tonnes per annum (mtpa) of LNG will be produced from Freeport’s three trains. A fourth liquefaction train is under development with an expected start date of 2023. Of the 15 mtpa of export capacity, 13.4 mtpa has been sold to Osaka Gas Co., Ltd., JERA Co., Inc., BP Energy Company, Toshiba Corporation and SK E&S LNG, LLC. Mr. Smith previously founded Basin Exploration, Inc. in 1981 and served as its Chairman, Chief Executive Officer and President. Basin was a publicly traded oil and gas company active in the Gulf of Mexico and the Rocky Mountain Region. Mr. Smith successfully negotiated the sale of the company to Stone Energy in February 2001 in a $410 million stock for stock merger. Mr. Smith was past president of the Colorado Oil & Gas Association and was previously a member of the State of Colorado Governor’s Minerals, Energy & Geology Policy Advisory Board.

Sessions With Michael Smith

Wednesday, 3 March

  • 12:45pm - 01:15pm (CST) / 03/mar/2021 06:45 pm - 03/mar/2021 07:15 pm

    Plenary

    Role of Gas in the Energy Future

    Panel Energy Transition/Climate & Sustainability Gas & LNG
    Four linked themes—Signposts from 2020, character of enterprise, Innovative technology, and the politics of climate change—guide this plenary session’s insights into the role of gas in the energy future. What are the lessons of 2020 for the future of gas? Will supply chain bottleneck challenges be a regular feature for the industry? From start-ups driven by individual entrepreneurship to state-owned entities, gas companies are highly diverse: How will these organizations develop and work together in the gas industry of the future? Recent decades saw new technologies transform gas demand and gas supply. CCGT opened the generation of electricity to gas, increasing efficiency and reducing emissions as it did so; the shale gas revolution transformed supply, with geopolitical impact. Are there prospects for new transformative technological innovations in gas? Emissions management and carbon removal continue to drive international political discourse: How will the politics of climate change influence the role of gas in the energy future?