Irish Gas Grid Could Receive LNG from South Texas
NextDecade, LLC and Ireland-based Port of Cork Co. have signed a memorandum of understanding (MOU) to hold exclusive talks to develop a project that could supply the Irish gas grid with up to 3 million tons per year of LNG from South Texas, NextDecade announced Wednesday.
Under an envisioned joint business development deal, NextDecade would deliver LNG under long-term contract from its proposed Rio Grande LNG (RGLNG) export facility near Brownsville, Texas, to Ireland via a new floating storage and regasification unit (FSRU) and associated LNG import terminal infrastructure at the Port of Cork. According to The Woodlands, Texas-based NextDecade, RGLNG would access associated and stranded natural gas produced in the Eagle Ford shale formation and the Permian Basin via the company's proposed 137.5-mile twin Rio Bravo pipeline system.
Last December, NextDecade reported that it had signed a heads of agreement with FSRU provider Flex LNG to jointly develop full-value-chain infrastructure incorporating FSRU and dociside regasification import technology. On Aug. 2, 2017, NextDecade CEO Kathleen Eisbrenner and Flex LNG CEO Jonathan Cook plan to meet with local industry and political leaders at the Port of Cork to highlight how the collaboration could benefit Ireland and its regional partners.
In its announcement Wednesday, NextDecade also confirmed that it is holding discussions with European energy companies to enter into long-term purchase contracts for LNG deliveries at the Port of Cork and that it would manage shipping from RGLNG to Ireland.
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