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Latest Tracker Updates
26 August 2015: BNP Paribas set to act as financial advisor for Texas LNG

26 August 2015

Texas LNG Brownsville has appointed BNP Paribas as Financial Adviser for the Brownsville Project. BNP Paribas will assist Texas LNG in the raising of equity and debt financing for the total capital requirements of the Project, including the execution of definitive transaction documents for achieving Final Investment Decision (FID) and project construction.

Texas LNG is planning to build the Brownsville Project in two phases, each with LNG production of 2 million tonnes per annum. Pending FERC’s final approval to construct the Project, Phase 1 is expected to commence production in 2020.

BNP Paribas joins Third Point LLC, Samsung Engineering & Construction, Air Products, UOP, PSI, Braemar Engineering, NRG, K&L Gates, Greenberg Traurig, Royston Rayzor, and other partners in supporting the project.

Over 60% of the Front End Engineering and Design (FEED) has been completed by Texas LNG’s equity and engineering partner, Samsung Engineering. As of the end of July 2015, Samsung Engineering has completed eight out of the 12 month FEED study and over 105,000 engineering man-hours since mid-2014.

Key technology providers are Air Products (liquefaction process design), UOP (Gas pre-treatment), Matrix PDM (LNG storage tank), Gexcon (vapour dispersion studies), Moffatt & Nichol (marine construction), PSI (geotechnical studies) and Marin (navigation studies).

Texas LNG remains on track to delivering first shipments of LNG in 2020.

Texas LNG

25 August 2015: Daelim wins deal to supply petrochemical technology to Lubrizol


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