Houston, Texas, USA, May 06, 2020 (GLOBE NEWSWIRE) --

The Texas Commission on Environmental Quality (“TCEQ”) ruled today that it would authorize issuance of an air permit to Texas LNG Brownsville LLC (“Texas LNG”), allowing the construction and operation of a liquefied natural gas (“LNG”) export facility to be located in the Port of Brownsville, Texas.

Vivek Chandra, Founder and CEO of Texas LNG LLC said, “We appreciate the hard work and effort from TCEQ and are pleased to have reached this important achievement that paves the way for a 2021 Final Investment Decision (“FID”) and construction of an LNG facility consistent with all air emission regulations.  Though current LNG markets are unusual in terms of pricing and supply dynamics, Texas LNG is confident that its low-cost, flexible commercial model, and realistically-sized production volumes will be key differentiators, ideally suited for global customers when operations begin in 2025.”

Langtry Meyer, Founder and COO of Texas LNG LLC stated, “We are pleased with the TCEQ decision. Texas LNG is committed to operating in an environmentally responsible manner, including use of electric motors instead of conventional gas turbine compressors to minimize air emissions, making the facility one of the world’s cleanest LNG liquefaction plants. By delivering clean, safe, low-cost Texas natural gas energy to our customers around the world, Texas LNG can contribute to a cleaner global environment.”

Receiving the TCEQ Air Permit will represent another significant regulatory milestone for Texas LNG. On November 22, 2019, the Federal Energy Regulatory Commission (“FERC”) authorized Texas LNG to site, construct, and operate the facility. Texas LNG has previously received authorizations from the United States Department of Energy (“DOE”) to export U.S.-sourced LNG to any country with which trade is not prohibited by United States law or policy. 

Texas LNG looks forward to receiving the signed order and final permit from the TCEQ.

Texas LNG's strengths include access to low cost, abundant Permian Basin feed gas, use of third-party pipeline infrastructure, efficient modular construction design, and transparent competitive pricing structure.  In addition, the 4 MTA size of the facility fills an important need from LNG customers seeking smaller contracted volumes to diversify their gas supply portfolio.

About Texas LNG

Texas LNG Brownsville LLC is an independent, Houston-based low overhead cost LNG export company focused on creating value and minimizing risk for all stakeholders, including the local community, investors and customers.

The Texas LNG 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 MTA of LNG to established and emerging markets.

Alder Midstream, an affiliate of Glenfarne Group, LLC, is the majority owner of Texas LNG Brownsville LLC. Samsung Engineering Co., Ltd. is a minority equity owner in and strategic partner to Texas LNG LLC (a member of Texas LNG Brownsville LLC).  

Additional information about the 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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