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    Technip, Samsung Engineering JV bags Texas LNG work

Summary

The project expects to achieve a final investment decision in 2022.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, Investments, News By Country, United States

Technip, Samsung Engineering JV bags Texas LNG work

Texas LNG Brownsville, which is developing a 4mn metric tons/year export LNG plant in the Port of Brownsville in Texas, has executed an agreement with Technip Energies and Samsung Engineering to lead the delivery of the facility via a joint venture, it said on May 25.

Under a project financeable structure, the two companies will be responsible for all facets of the liquefaction facility’s delivery including engineering, construction coordination, start-up, and commissioning.

Glenfarne is the majority owner and managing member of Texas LNG. The project expects to achieve a final investment decision in 2022 and start commercial operations in 2026. Glenfarne is also the sole owner and developer of the 8.8mn mt/yr Magnolia LNG in Lake Charles, Louisiana.

Glenfarne is a diversified US LNG developer which also buys LNG for its Termovalle power plant in Colombia, which it acquired in 2021.