Texas LNG Export Terminal Project Advances with FERC Approval

Strategic Insights -

A major liquefied natural gas (LNG) export terminal project, Texas LNG, is moving forward with Federal Energy Regulatory Commission (FERC) approval, while also securing customer offtake agreements for exported LNG. The project's developer, Glenfarne, plans to complete the site by 2029, with the terminal designed to handle 4 million metric tons per year. The project's approval is seen as a step towards meeting growing demand for natural gas and baseload power resources.

Key Takeaways:

  • The Texas LNG export terminal project, located at the Port of Brownsville, Texas, has received FERC approval, paving the way for its development.
  • Glenfarne and its Texas LNG Brownsville affiliate have locked up customer offtake agreements for exported LNG, which will help justify a positive final investment decision.
  • The liquefaction and export terminals are designed to handle 4 million metric tons per year.
  • The project's completion is expected by 2029.
  • Once operational, the project will push Glenfarne's total LNG portfolio to more than 30 million metric tons of exporting product per year.
  • Engineering, procurement, and construction firm Kiewit will lead work on the project.

Statistics:

  • The Texas LNG export terminal project will handle 4 million metric tons per year.
  • The project's completion is expected by 2029.
  • Once operational, the project will push Glenfarne's total LNG portfolio to more than 30 million metric tons of exporting product per year.
  • The U.S. currently has 8 large-scale LNG infrastructure projects operational along its coastlines, with potential total export capacity of 13.8 billion cubic feet per day.

Sources:

  • Global Data Point (2022).