Glenfarne Group’s Texas LNG has secured the final permits for its planned 4 mtpa LNG export terminal in the port of Brownsville. The company aims to take a final investment decision this year.
Texas LNG received its Section 10 and Section 404 permits from the U.S. Army Corps of Engineers and Texas state-level approval from the Railroad Commission of Texas under The Coastal Zone Management Act of 1972.
With this, the LNG terminal developer completed the project’s permitting efforts required for a final investment decision, it said in a statement issued on Thursday.
“With these permits in hand and contracts signed, Glenfarne anticipates concluding commercialization of Texas LNG in the first half of 2024,” Brendan Duval, Glenfarne CEO and founder, said in the statement.
This news follows Texas LNG’s recent announcement that it signed a heads of agreement with US natural gas producer EQT for natural gas liquefaction services for 0.5 mtpa of LNG.
Texas LNG is in “advanced stages of negotiations for the remaining volumes from the project expected to conclude in the near-term including finalizing previously executed, but unannounced, HOA’s and memorandums of understanding,” the company said.
Texas LNG also previously selected Swiss engineering group ABB and US energy services firm Baker Hughes to supply equipment for its 4 mtpa LNG project.
The company said it expects to close its project financing in 2024 with construction commencing “shortly thereafter”.
The first LNG exports from Texas LNG are expected to be shipped in 2028, according to the firm.