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PORT OK'S LEASE OF 500 ACRES FOR GAS EXPORTS
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<a href="http://thekingoftexas.files.wordpress.com/2010/09/port-of-brownsville-aerial_375x253caption2.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="http://thekingoftexas.files.wordpress.com/2010/09/port-of-brownsville-aerial_375x253caption2.jpg" border="0" src="http://thekingoftexas.files.wordpress.com/2010/09/port-of-brownsville-aerial_375x253caption2.jpg" /></a><b>By Jim Magill</b><br /><i>Platts.com </i><br /> <br />Gulf Coast LNG filed an application on January 10 with the US Department of Energy for a permit to export LNG out of a proposed 2.8 Bcf/d facility to be built at the Port of Brownsville. That permit is still pending approval.<br />The Port of Brownsville Board of Commissioners on Tuesday announced the approval of a lease option agreement with liquefied natural gas company Gulf Coast LNG Export, for 500 acres of port property.<br />A spokesman for the Port said in an interview that the board approved the lease option at a meeting earlier this month. <a href="http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/3909303">[read Platt's article]</a><br />"We believe the Port of Brownsville is in a strategic geographic location to assure the success of this project, and we envision this to be a long-term relationship with the Port," said Michael Smith, principal owner and CEO for Gulf Coast LNG Export. <br />Smith is also CEO and founder of Freeport LNG Development, which owns and operates a 2 Bcf/d LNG receiving and regasification facility near Freeport, Texas, and is currently expanding that facility to add liquefaction and export capability.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6016803033174468094-6017380601865940779?l=rrunrrun.blogspot.com' alt='' /></div>
LINK: http://rrunrrun.blogspot.com/2012/01/port-oks-lease-of-500-acres-for-gas.html
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