York Capital Enters Texas LNG Scene
NextDecade LLC and York Capital have formed a strategic partnership to jointly develop a portfolio of liquefied natural gas (LNG) export projects, with a focus on low-cost, mid-scale LNG export projects in Brownsville and Galveston, Texas.
Kathleen Eisbrenner, CEO of NextDecade said: “We look forward to working closely with the cities of Brownsville and Galveston to maximize the economic impact of these projects for the local communities. Based on extensive development work already completed, and the use of safe, reliable and proven LNG liquefaction technology, while working with strong industrial partners, we are confident we can achieve a Final Investment Decision (FID) in a timely and cost effective manner.”
NextDecade and York plan to work together to conduct additional Front-End Engineering and Design (FEED) analysis in order to pre-file applications with the Federal Energy Regulatory Committee (FERC) to permit, site, construct and operate LNG export terminals in Brownsville and Galveston within the first quarter of 2015.