Texas LNG Targets Final Investment Decision by December
(Reuters) — Glenfarne Energy Transition expects to make a final investment decision on its Texas LNG project by December, CEO Brendan Duval said on Wednesday.
Glenfarne Energy is developing the 4 million metric tonnes per annum (MTPA) liquefied natural gas (LNG) plant in Brownsville, South Texas.
"We should be able to get to FID in December once we get the final irreversible approval to build the plant by November," Duval said at an energy conference in Houston.
The company has already signed an engineering, procurement and construction (EPC) contract with Kiewit to build the plant, he said. It has signed enough long term customers to move forward with constructing the plant once it has all the legal approvals, he added.
The project faced delays after a U.S. court put the construction permit on hold, along with permits for other LNG plants, and asked federal regulators to review their environmental impacts.
The regulator has asked them for additional information to measure the impact of the plants. Duval said he expected that process to conclude by November.
President Donald Trump has instructed his government to accelerate development of energy projects in the U.S. by cutting red tape and shortening permit times. Trump also overturned a moratorium on new LNG export permits that had held up development of some plants.
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