Glenfarne Group, the privately-held energy and infrastructure development and management firm based in New York, has signed a contract for its Texas LNG Brownsville project to be built by a joint venture comprising Technip Energies and South Korea’s Samsung Engineering.

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Texas LNG, one of several LNG export projects being developed on the Gulf Coast near the port of Brownsville, said it was one of the ventures provided with anticipated dates for issuance of an environmental impact statement and a final regulatory deadline under the new speeded-up process.

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Texas LNG Brownsville, the liquefaction and export plant proposed for the Gulf Coast, said the US Coast Guard issued a recommendation to the US Federal Energy Regulatory Commission confirming the suitability of the Brownsville Ship Channel for the facility's marine traffic in terms of safety and security.

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BNP Paribas, France’s largest stock exchange-listed bank, will stop representing global LNG shipping companies in bonds sales and project financing as well as developers of US LNG export projects under the bank's new environmental investment policies.

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