Texas LNG’s proposed Brownsville LNG export terminal in Texas took a step toward receiving federal approval for construction March 15 after staff at the federal energy regulator prepared a final environmental report.
In the report, known as an environmental impact statement, staff at the Federal Energy Regulatory Commission (FERC) concluded construction and operation of the project would result in some adverse environmental impacts, but those impacts “would not be significant” if the company follows recommendations in the report.
The FERC commissioners take the staff’s recommendations into consideration when they decide on the project. FERC has said it would make a decision on the plant around June 13, according to the company’s website.
Texas LNG said on its website it plans to make a final investment decision to build the plant in 2019 with first LNG expected to be produced in 2023.
The project is designed to produce up to 4 million tonnes per annum (MTPA) of LNG, which is roughly 0.5 billion cubic feet per day (Bcf/d) of natural gas. One billion cubic feet is enough gas to fuel about 5 million homes for a day.
Texas LNG’s project is one of dozens of LNG export terminals under development in the United States, Canada and Mexico.
In addition to Texas LNG, at least two other firms also want to build an LNG export terminal in the Brownsville area—Exelon Corp.’s Annova Brownsville and NextDecade Corp.’s Rio Grande LNG.
The United States, which was a net importer of LNG before U.S. LNG company Cheniere Energy Inc. shipped its first cargo from Sabine Pass in Louisiana in February 2016, is expected to become the third-biggest exporter of the super-cooled fuel by capacity by the end of 2019, behind Australia and Qatar.
Looking at only the plants currently under construction, U.S. LNG export capacity is expected to rise to 8.8 Bcf/d by the end of 2019 and 10.3 Bcf/d in 2020 from 5.1 Bcf/d now.
Recommended Reading
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-01-31 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-01-31 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.