ST LNG Targets 2027 Investment Decision for $8.2 Texas Offshore LNG Project

ST LNG aims to reach a final investment decision on its $8.2 billion LNG export project by mid- to late 2027, the company's president said on Thursday, a day after receiving a key US government approval.

The company's first liquefied natural gas export facility, planned offshore of Matagorda, Texas, will include four liquefaction plants of 2.1 million metric tons per annum for a combined production capacity of 8.4 mtpa, representing about 8% of US capacity.

The project received a record of decision — a regulatory milestone — after undergoing the fastest deepwater port license review in ⁠more than two decades, according to the Transportation Department. President Donald Trump's administration has promised to ease permitting and speed up energy infrastructure development.

Rockville, Maryland-based ST LNG will receive its license once it complies with all federal and state requirements.

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