18 December 2020 10:43 GMT Updated 21 December 2020 17:48 GMT in London
The grassroots Texas LNG project in the US has taken a major step forward with the long-term lease agreement with the Port of Brownsville for the development site.
The lease, for up to 50 years, brings the liquefied natural gas export project which has already received a permit from the Federal Energy Regulatory Commission (Ferc) closer to a final investment decision.
Sign up for our new energy transition newsletter
Gain valuable insight into the global oil and gas industry s energy transition from
Accelerate, the new weekly newsletter from
Upstream and
The lease agreement covers a 625-acre site within the Port of Brownsville where Texas LNG plans to construct and operate a 4 million tonnes per annum terminal on a deep-water frontage site previously secured under an exclusive option to the lease agreement.