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Texas LNG announced today that it began the pre-filing process with the FERC

Houston Texas based Texas LNG Brownsville announced today that it has begun the pre-filing process with the Federal Energy Regulatory Commission (FERC), putting it one step closer to the expected start-up date of its first liquefied natural gas (LNG) facility, according to a company press release. Texas LNG’s project is the first export facility proposed for the Brownsville, Texas area to initiate the FERC pre-filing process and start the regulatory review.

Texas LNG is planning to build the Brownsville project in two phases, each with LNG production of 2 million tons per annum (MTA). Pending the FERC’s final approval to construct the project, Phase 1 is expected to commence production in 2020. Vivek Chandra, CEO of Texas LNG said, “We now join a select group of projects that have entered this phase of project development.”

Moving to a different location

The company also announced that it executed an amendment to its Option to Lease Agreement with the Brownsville Navigation District in Cameron County to upgrade to a larger and more easily accessible site in the Port of Brownsville shipping channel. The new site is 625 acres, located LNGapproximately 5 miles from the mouth of the Gulf of Mexico on the north side of the channel, allowing for reduced LNG tanker navigation. The new site will also allow for future expansions, according to the company.

Langtry Meyer, COO of Texas LNG said, “Our new larger 625 acre site, which will place us as the closest proposed Brownsville LNG project to the Gulf of Mexico, enhances our design and expansion flexibility and minimizes transit times of LNG export tankers to the benefit of potential offtakers and investors.”

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.