NextDecade considers building LNG export facility on Pelican Island in Galveston – Houston Business Journal

A local company reportedly is considering building a $6 billion liquefied natural gas export facility on Pelican Island, north of Galveston Island.The Woodlands-based NextDecade is in the “final stages” of securing financing for the project, which would be on 185 acres on the northeast corner of Pelican Island, the Houston Chronicle reports. The Galveson Wharves trustees are expected to consider on Sept. 22 whether to lease the land to NextDecade.BP PLC NYSE: BP previously abandoned plans to build an LNG import facility at the site after it leased the land more than a decade ago, the Chronicle reports. NextDecade, which Kathleen Eisbrenner formed in 2010, also has secured land in Brownsville for another proposed project, the Chronicle reports.

via NextDecade considers building LNG export facility on Pelican Island in Galveston – Houston Business Journal.

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