TEXAS CITY, Texas – NextDecade has leased 1,000 acres at Shoal Point, a deep-water property where it is planning to construct a multi-billion dollar liquefied natural gas (LNG) export shipping facility, 40 miles southeast of Houston, near Galveston Bay.
The Shoal Point site consists of 376 acres owned by the municipality of Texas City and 618 acres owned by the state and managed by the Texas General Land Office.
“Now more than ever, the U.S. has the potential to benefit from the incredible natural gas resources we have right here in Texas,” said Kathleen Eisbrenner, NextDecade Chairman and CEO of NextDecade, based in The Woodlands. “The U.S. is the most competitive source of LNG in the world and NextDecade is looking forward to bringing new supply to the global marketplace from the heart of the global energy industry.”
Together, the Ports of Houston, Texas City, and Galveston form the largest port complex in North America and the NextDecade project would be the first LNG facility in the area.
Jan. 23, 2017 Realty News Report Copyright 2017