Texas LNG, a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, owned by energy transition leader, Glenfarne Energy Transition (“Glenfarne”), was approved for a Texas Tax Code Chapter 312 tax abatement from Cameron County. The tax abatement was approved by a four to one vote of the Cameron County Commissioners Court, which will bring Cameron County financial flexibility and funding to bring added services and infrastructure to the area.
“We appreciate the Cameron County Commissioners Court’s approval, which recognizes Texas LNG’s environmentally sensitive design, along with the significant economic benefits and jobs this facility will create for the local community,” said Vlad Bluzer, Co-President of Texas LNG. “We are committed to being a positive, productive, and transparent partner for Cameron County, and this vote is a meaningful show of support from the County leaders.”
Cameron County’s approval of this tax abatement is the latest in a series of important developments for Texas LNG, which will start construction later this year.
About Texas LNG
Texas LNG is a 4 MTPA LNG export facility to be constructed in the Port of Brownsville, Texas and a subsidiary of global energy transition leader, Glenfarne Energy Transition, LLC. Texas LNG is led by an experienced team committed to creating one of the greenest LNG facilities in the world through electric motor drives resulting in the cleanest, lowest emitting LNG exports from the U.S. Additional information about Texas LNG may be found on its website at www.texaslng.com.
About Glenfarne Energy Transition
Glenfarne Energy Transition, LLC is a subsidiary of Glenfarne Group, LLC, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Glenfarne Energy Transition aims to address the “here and now” global energy transition through three core businesses: Global LNG Solutions, Renewables, and Grid Stability. The company’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit www.GlenfarneEnergyTransition.com.
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Contacts
Kris Cole
Pro-glenfarne@prosek.com
