The Brownsville Navigation District and the US Army Corps of Engineers have signed a joint agreement for Phase 2 of the Brazos Island Harbor (BIH) channel improvement project, allowing Brownsville to become one of the deepest ports in the Gulf of Mexico before it welcomes LNG carriers.
NextDecade, the developer of the currently dormant Rio Grande LNG export project along the Brownsville Ship Channel, has posted third-quarter earnings after a year of little activity prior to the global increase in prices and demand.
NextDecade, developer of the Rio Grande export project in Texas and listed on the Nasdaq global stock exchange, has missed its deadline to file first-quarter earnings and is expected to further delay its final investment decision.
Two of the main US export projects on Gulf Coast of Texas, Rio Grande LNG and Port Arthur LNG, as well as the Costa Azul venture in Mexico, are heading for delays of at least a year.
Three LNG export plants planned for the Texas Port of Brownsville and comprising multiple liquefaction Trains and around 37 million tonnes per annum of output are facing indirect legal challenges aimed at the leases awarded by the Brownsville Navigation District for the plant sites.
The US Federal Energy Regulatory Commission authorized three LNG export projects around the Texas Port of Brownsville comprising multiple liquefaction Trains and around 37 million tonnes per annum of output, along with investments amounting to almost $39 million to create thousands of jobs in the Gulf Coast port region.
The Brownsville Ship Channel is making progress in its development as one of the major liquefied natural gas export waterways with the owner of the Rio Grande LNG project financing a key improvement plan set to start in 2020 and using some design features from the expanded Panama Canal.