December 15, 2016 Comments Off on South Texas Emerges at Epicenter of LNG, Clean Energy Views: 144 Texas - Other, Texas News

South Texas Emerges at Epicenter of LNG, Clean Energy

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.

Read more at Valley Business Report

For comments, questions or concerns, please contact Dennis Kaiser

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