Texas LNG lines up eight non-binding supply deals

Texas LNG lines up eight non-binding supply deals
An artist impression of Texas LNG’s planned liquefaction facilities

Texas LNG, proposing to develop a 4 mtpa LNG export facility at the Port of Brownsville in South Texas, signed eight non-binding deals with potential customers in Europe, Southeast Asia and China. 

The largest portion of the deals was signed with Chinese companies, while southeast Asian and European customers lined up two and one deal respectively, Texas LNG’s chief executive, Vivek Chandra said, Reuters reports.

The facility, with a total production capacity of four million tones of LNG per year, will be built in two phases.

Earlier plans projected a final investment decision in 2018, the company contracted Samsung Engineering and KBR to provide pre-final investment decision detailed engineering and post-final investment decision engineering, procurement and construction services last year and executed several non-binding term sheets with independent buyers in southeast Asia and China for 3.1 mtpa of LNG.

However, the FID is now expected in 2019 and Texas LNG has lined up eight companies under new non-binding agreements, six of which have access to LNG terminals currently, Chandra said, without disclosing any names.

Production from the facility is expected to start in 2023 from the first phase of the project.


LNG World News Staff

Share this article

Follow LNG World News

Posted on April 12, 2018 with tags .


<< Oct 2018 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >