Houston, Texas, USA, March 17, 2019 (GLOBE NEWSWIRE) --

The United States Federal Energy Regulatory Commission (“FERC”) has issued the Final Environmental Impact Statement (“FEIS”) for Texas LNG Brownsville LLC’s (“Texas LNG Brownsville”) proposed 2 train, 4 million tonnes per annum (“MTA”) LNG export facility located in the Port of Brownsville, Texas (the “Project”). The FEIS has been issued in accordance with the anticipated dates listed in the Notice of Schedule for Environmental Review (“SER”) received in August 2018.

The FEIS is a result of FERC’s comprehensive environmental, safety and security reviews, which analyzed publicly available data, federal and state agency input, stakeholders’ comments, and information provided by Texas LNG Brownsville. The FEIS is the final step in the environmental review process leading towards the June 13, 2019 Federal Authorization Decision Deadline and anticipated FERC approval.

Vivek Chandra, Co-Founder and CEO of Texas LNG LLC (a member of Texas LNG Brownsville) said, “We are very pleased with the FEIS report conclusions, and appreciate the hard work and effort involved in the generation and compilation of the FEIS, especially from FERC and all the supporting agencies, including the U.S. Department of Energy, U.S. Coast Guard, U.S. Department of Transportation, U.S. Army Corps of Engineers, U.S. Environmental Protection Agency, U.S. Fish and Wildlife Service, National Park Service, National Marine Fisheries Service, and Federal Aviation Administration, and others that have been involved in the process. Texas LNG Brownsville also appreciates the continued support of its technical and permitting partners, including Samsung Engineering, Braemar Technical Services, Environmental Resources Management (ERM), K&L Gates, Greenberg Traurig, Hunton Andrews Kurth, and Royston Rayzor. As we head towards Final Investment Decision (“FID”), we look forward to substantive discussions with potential LNG customers to secure binding agreements over the next few months.”

Langtry Meyer, Co-Founder and COO of Texas LNG LLC stated, “We look forward to receiving FERC approval in the next few months which is one of the important steps to allow construction to begin and LNG production to commence by 2024. This Project will bring jobs and investment to Cameron County and deliver clean, safe, abundant Texas natural gas energy to the world.”

The Texas LNG Brownsville facility's enviable advantages include: access to low cost, abundant Permian Basin feed gas; leveraging of third-party pipeline infrastructure; efficient modular construction design; and transparent and competitive tolling pricing structure.  In addition, the 4 MTA realistic size of the facility has resonated with global LNG customers seeking smaller contracted volumes to diversify their gas supply portfolio.

 

The 800 page, two-volume FERC FEIS can be downloaded through the following link: https://elibrary.ferc.gov/idmws/file_list.asp?accession_num=20190315-3030 or via the Texas LNG website: : http://www.txlng.com/theproject/regulatory-updates.html


About Texas LNG

Texas LNG Brownsville is an independent, Houston-based LNG export company focused on high value and low risk to all stakeholders, including the local community, investors and customers. Texas LNG Brownsville promotes low capital and costs, minimal pipeline expenditures, low operating costs, maximum contractual flexibility, and proven liquefaction technology in line with global LNG market expectations. 

The Texas LNG Brownsville export facility will be constructed in South Texas on a 625-acre site strategically located on the Port of Brownsville's deepwater ship channel near plentiful natural gas supplies and pipelines. The facility will enable the export of 4 million tonnes per annum (“MTA”) of LNG to established and emerging markets.

The Texas LNG Brownsville team that worked towards obtaining the FEIS was comprised of leading technical, commercial, financial, environmental, and legal experts, including Samsung Engineering, KBR, Braemar Technical Services, Air Products and Chemicals, Honeywell, Environmental Resources Management (ERM), K&L Gates, Greenberg Traurig, Hunton Andrews Kurth LLP, and Royston Rayzor.

Samsung Engineering Co., Ltd. is a minority equity owner in Texas LNG LLC and strategic partner. 

Additional information about the high value, low risk Texas LNG project may be found on its website at www.txlng.com.


Cautionary Statement:

The information and materials in this document are; Provided for informational purposes only and are subject to addition, deletion and modification without notice at the sole discretion of Texas LNG LLC and Texas LNG Brownsville LLC ; Not warranted or guaranteed to be correct, complete or up-to-date. The information and materials could include technical inaccuracies and other errors. ; Provided “As Is” without any representation or warranties of any kind. No liability, direct or consequential, of any kind arising from the use of information and materials contained in this document or linked website is accepted. ; Not to be considered or to be constituted as investment advice or as any type of offer, offer, invitation, solicitation or recommendation in relation to the purchase or sale of any type of financial instruments or security in any jurisdiction.

Any forward looking statements contained in the information and materials in this document are only predictions and are subject to risks, uncertainties and assumptions, many of which are outside the control of Texas LNG LLC or Texas LNG Brownsville LLC or its officers or representatives. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this document. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements.

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