The United States Federal Energy Regulatory Commission (FERC) has issued the Draft Environmental Impact Statement (DEIS) for Texas LNG’s proposed two-train, 4 million tonnes per annum (mtpa) LNG export facility in the Port of Brownsville, Texas. The DEIS has been issued in accordance with the anticipated dates listed in the Notice of Schedule for Environmental Review (SER) received in August 2018.
The DEIS is another milestone in the journey toward final investment decision (FID) on the first 2-mtpa phase of the Texas LNG project, anticipated in late 2019. The DEIS further de-risks the project and adds confidence to the dates of remaining milestones in the permitting process, including receipt of the final environmental impact statement by March 15, 2019 and the June 13, 2019 federal authorization decision deadline.
Vivek Chandra, Founder & CEO of Texas LNG said, “We are very pleased with the DEIS report conclusions, and appreciate the hard work and effort involved in the generation and compilation of the DEIS, especially from FERC and all the supporting agencies, including the U.S. Department of Energy, U.S. Coast Guard, U.S. Department of Transportation, U.S. Army Corps of Engineers, U.S. Environmental Protection Agency, U.S. Fish and Wildlife Service, National Park Service, National Marine Fisheries Service, and Federal Aviation Administration, and others that have been involved in the process. Texas LNG also appreciates the continued support of its technical and permitting partners, including Samsung Engineering, KBR, Braemar Technical Services, Environmental Resources Management (ERM), K&L Gates, Greenberg Traurig, Hunton Andrews Kurth, and Royston Rayzor.”
Langtry Meyer, Founder & COO of Texas LNG, stated, “Texas LNG is committed to show how our project protects the environment and generates significant benefits for the local community and the Port of Brownsville. This project will bring jobs and investment to Cameron County and deliver clean, safe, abundant Texas natural gas energy to the world.”
Texas LNG's differentiated strategy of realistic size, low overhead and cost structure, access to low cost Permian feed gas, and transparent tolling structure continues to resonate with LNG customers, investors, and project partners.
The change will take effect November 8, 2021 for the February 2022 contract month, pending regulatory review.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.3 million barrels to 31.2 million barrels. That’s the lowest level since October 2018, and points to tightness in the market that may take some time to alleviate.
Shipping rates across all routes are up this week and will likely break previous record high levels, a Singapore-based LNG trader said.