Texas LNG secures Brownsville site

Texas LNG Brownsville has entered into a long-term lease agreement with the Port of Brownsville, securing the site for its planned project for up to 50 years.

The lease agreement brings the FERC permitted project closer to a final investment decision, Texas LNG, a unit of Glenfarne Group, said in a statement.

The deal covers a 625-acre site located within the Port of Brownsville.

Texas LNG plans to construct and operate a 4 million tonnes per annum export terminal on a deepwater frontage site previously secured under an exclusive option to the lease agreement.

Vivek Chandra, Founder and CEO of Texas LNG LLC, a minority owner of the Brownsville project, said the long-term lease marks an “important step” in the development of Texas LNG.

“With these approvals and permits secured, Texas LNG is positioned to pursue a low-cost, flexible commercial model for global customers when operations begin in 2025, delivering to our partners, service providers, investors, and customers,” he said.

Separately, the US Department of Energy, Office of Fossil Energy has recently granted Texas LNG extensions on their previously issued export permits to December 31, 2050.

The new orders allow total exports of 204 billion cubic feet per year of natural gas, equivalent to 4 mtpa, to free trade agreement and non-FTA countries.

“Since becoming majority owner and managing member of Texas LNG in 2019, Alder Midstream, and its parent the Glenfarne Group, have worked diligently with the Texas LNG team and local stakeholders, including the Port of Brownsville to advance development of the project,” said Vlad Bluzer, managing director of Glenfarne Group.

“We believe Texas LNG’s commercial efforts, coupled with our strategy to develop and invest in regionally important assets throughout the global LNG infrastructure value chain, provide Texas LNG with a competitive advantage,” he said.

- Advertisements -

Most Popular

Interview: GTT’s boss expects more than 450 LNG carrier orders in next 10 years

French LNG containment giant GTT is expecting that there will be more than 450 orders for large LNG carriers...

Construction progress continues on Golden Pass LNG export plant

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass liquefied natural gas (LNG) export...

Cheniere, OMV seal long-term LNG supply deal

US LNG exporting giant Cheniere has signed a long-term deal with Austrian energy firm OMV to supply the latter...

More News Like This

US weekly LNG exports reach 24 cargoes

US liquefaction plants shipped 24 liquefied natural gas (LNG) cargoes in the week ending November 29, while natural gas...

US weekly LNG exports up to 27 cargoes

US liquefied natural gas (LNG) exports rose in the week ending November 15 compared to the week before, according...

Netherlands continues to be main destination for US LNG cargoes

The Netherlands was the top destination for US liquefied natural gas supplies for the fifth month in a row...

Glenfarne’s Texas LNG picks Baker Hughes tech, delays FID to 2024

Glenfarne Group's Texas LNG has selected Baker Hughes to supply gas compression technology equipment, including electric motor drives, for...