NextDecade, LLC announced Tuesday that it has signed lease agreements for a nearly 1,000-acre site southeast of Houston for the potential development of a multibillion-dollar liquefied natural gas (LNG) export facility.
"Now more than ever, the U.S. has the potential to benefit from the incredible natural gas resources we have right here in Texas," stated Kathleen Eisenbrenner, NextDecade Chairman and CEO, in a press release announcing the lease agreements her company signed with the State of Texas and City of Texas City. "The U.S. is the most competitive source of LNG in the world and NextDecade is looking forward to bringing new supply to the global marketplace from the heard of the global energy industry."
The agreements cover approximately 376 acres of city-owned land at Shoal Point, located on Galveston Bay just east of Texas City's petrochemical facilities, and 618 acres of adjoining state-owned land managed by the Texas General Land Office, according to NextDecade. The Shoal Point site allows for significant design flexibility and potential expansion capability and features deep-water access and proximity to natural gas pipeline infrastructure, the company added.
The potential LNG export terminal would be the first such facility in the vicinity of the ports of Houston, Texas City and Galveston, noted NextDecade. The project also reportedly would replicate much of the design and engineering work already done for NextDecade's Rio Grande LNG project in South Texas. Rio Grande LNG is advancing rapidly through the Federal Energy Regulatory Commission's permitting process, stated the company.
View of NextDecade's Shoal Point site on the right, view of City of Texas City on the left. (Photo: Business Wire)
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