December 15, 2016
Three liquefied natural gas facilities are slated to begin construction along the Brownsville Ship Channel in 2017 and 2018. The initial capital investments of $10 billion are expected to accelerate South Texas’ emergence as an epicenter of the LNG trade and clean energy.
The largest facility, involving an initial $6 billion investment, is proposed by Next Decade LLC’s Rio Grande LNG. It would be the largest proposed private investment in the state. Expansions could drive the total investment to $20 billion.
Other proposed facilities include a $3-billion, midscale LNG liquification plant on 650 acres by Annova, and a $1-billion, Phase 1 investment on 625 acres by Texas LNG.
The facilities are expected to deliver thousands of high-paying construction jobs, and new revenue streams for local suppliers. The region’s tax base will expand,and hundreds of permanent, well-paid employees will be needed to operate and supply the LNG plants.
For comments, questions or concerns, please contact Dennis Kaiser