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NextDecade Abandons Galveston Bay LNG Project Over Regulatory Issues


NextDecade Abandons Galveston Bay LNG Project Over Regulatory Issues
NextDecade Corp. has dropped plans for a liquefied natural gas (LNG) export terminal on the Texas City Ship Channel, saying the site is partially under the control of the federal government and not suitable for the project. 
The U.S. Army Corps of Engineers advised the company that a portion of the proposed Galveston Bay LNG site is federally regulated under navigation servitude, which indirectly extends powers to the government to oversee commerce under the Constitution. Part of the site serves as an active dredged material placement area for the Texas City Ship Channel.  ....

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NextDecade Completes Evaluation of Galveston Bay LNG Site


Press release content from Business Wire. The AP news staff was not involved in its creation.
NextDecade Completes Evaluation of Galveston Bay LNG Site
January 29, 2021 GMT
HOUSTON (BUSINESS WIRE) Jan 29, 2021
NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today announced that the Company has completed an evaluation of the Galveston Bay LNG site and determined that the site in Texas City is not suitable for development of an LNG facility and related infrastructure and utilities.
The U.S. Army Corps of Engineers (USACE), Galveston District, has advised that a portion of the Galveston Bay LNG site is under Federal Navigation Servitude and serves as an active Dredged Material Placement Area (DMPA) for the Texas City Ship Channel Federal Project. The Galveston Bay LNG project cannot be constructed without USACE requesting that Congress – via the Water Resources Development Act or other legislation – authorize the release of its constitutiona ....

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