TEXAS CITY, Texas — NextDecade has secured a 1,000-acre lease at Shoal Point, a deep-water location approximately 40 miles southeast of Houston near Galveston Bay, where the company plans to develop a multi-billion-dollar liquefied natural gas (LNG) export terminal.
The Shoal Point property comprises 376 acres owned by the City of Texas City and 618 acres owned by the State of Texas and managed by the Texas General Land Office.
“Now more than ever, the U.S. can capitalize on the abundant natural gas resources located here in Texas,” said Kathleen Eisbrenner, NextDecade’s chairman and CEO, whose company is based in The Woodlands. “The U.S. is the most competitive source of LNG in the world, and NextDecade looks forward to supplying new volumes to the global market from the heart of the energy industry.”
The combined ports of Houston, Texas City, and Galveston form the largest port complex in North America. If built, the NextDecade facility would be the first LNG export terminal in this regional port system, bringing new export capacity and related economic activity to the area.
Jan. 23, 2017 Realty News Report Copyright 2017