Dan Patrick Adds Support for Texas LNG Project

Project to Generate $10 Million Annually
Dan Patrick Supports Texas LNG Project

Dan Patrick Supports Texas LNG Project

Texas Lt. Gov. Dan Patrick has added his voice of support for Texas LNG Project, allowing more Eagle Ford gas to be shipped overseas.

Related: More Eagle Ford LNG Headed Abroad

In a letter to the Federal Energy Regulatory Commission (FERC) back in May, Texas Lt. Gov. Dan Patrick wrote to express his ‘strong’ support for the proposed Texas LNG Brownsville project.¬†Patrick’s letter appealed to the economic benefits of the project, including a substantial tax revenue increase for state and local governments.

Patrick wrote, “the Texas LNG Project is expected to create 700 regional construction jobs over the approximately 58-month construction period. This project represents approximatley $1.3 billion in direct investment and approximately $2 billion in value to the region’s economy during the first 10 years of operation. It is expected to increase state and local tax revenue by more than $10 million annually.”

Texas LNG applied in March and anticipates receiving final approval in 2017. Once approved, operators will be able to transport natural gas from the Eagle Ford Shale down to the Port of Brownsville where it will be liquified and shipped overseas. They anticipate their first exports will be in 2020.

Environmentalists and other groups are opposing the project due to concerns over safety and air pollution.

Read more at BizJournal.com

The following two tabs change content below.
Elizabeth Alford

Elizabeth Alford

Elizabeth Alford writes on significant news developments in the Eagle Ford oil and gas play taking place across South TX. She is a freelance writer with an extensive communications, PR, and staff writing background.
MENU