ST LNG Project Approved for $8.2 Billion Deepwater LNG Port in Texas
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Updated Sat 00:00
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What happened
The US approved an application from ST LNG to construct a deepwater liquefied natural gas (LNG) port off the coast of Texas. The project, which costs USD 8.2 billion, is located approximately 10.4 miles offshore Matagorda, Texas. The Maritime Administration fast-tracked the licensing process, with construction set to begin in 2027 and the port coming online in 2029.
From freepressjournal.in
Why it matters
The port is designed to have 8.4 million tonnes of annual LNG export capacity. The project will utilize existing infrastructure, including the Transco pipeline, and is expected to move vessel traffic away from more congested onshore areas.
From freepressjournal.in
Who's involved
- TexasThe state where the deepwater LNG port will be built.
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The entities involved
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Texas
state of the United States of America