LNG Export Terminal Possible for Galveston

Petro Global News reports that officials from the Port of Galveston, Texas agreed Monday to reserve 185 acres at the port’s Pelican Island site for a proposed $6 billion LNG export facility being planned by Texas-based NextDecade Energy (“NextDecade”). According to the report, NextDecade will pay $100,000 to hold the site for the next six months, subject to extension, while the company undertakes environmental feasibility studies and begins the federal permitting process.  The proposed Galveston LNG export terminal is NextDecade’s second proposed LNG terminal in Texas and would have a yearly LNG production capacity of 6 million tons.

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