The Port of Brownsville is one step closer to welcoming three new LNG projects with an investment totaling $38.75 billion. The Federal Energy Regulatory Commission approved their proposals late last week during its monthly commission meeting.
“Today’s announcement is another significant milestone in making these energy projects a reality and is the result of years of hard work by the applicants,” said John Reed, chairman of the Brownsville Navigation District. “We’d like to thank FERC for its effort and diligence in reviewing these proposals and thank our community for their support. These new energy projects reflect our long-term strategy and vision for the port to be a catalyst for economic growth in the Rio Grande Valley by encouraging domestic and international business investments and driving developments that create new good paying job opportunities for the region.”
Texas LNG Brownsville LLC, Annova LNG Brownsville, Rio Grande LNG LLC and Rio Bravo Pipeline Company LLC represent a total investment of $38.75 billion in the Rio Grande Valley. They will add thousands of job opportunities leading to significant economic progress in the region.
“The fact that the Port of Brownsville was sought out and chosen for these three LNG projects is a testament to our strategic location and Brownsville’s important role in both the energy industry and international trade,” said Eduardo A. Campirano, port director and CEO. “FERC’s confidence in these projects, demonstrated by today’s approval, is very important. The federal commission’s evaluation process ensures that the plants must operate within the design parameters for safety and environmental protection.”
The next step in the process are final investment decisions by the applicants. This could be as early as the first quarter of next year. Upon announcement of FIDs and formal ground breakings, the region will be ready for new and diverse job opportunities.