Key facts
- ST LNG aims for a final investment decision by mid- to late 2027.
- The project's estimated cost is $8.2 billion.
- The facility will have a combined production capacity of 8.4 million metric tons per annum.
- Commercial operations are expected to begin by mid-2030.
ST LNG aims to make a final investment decision on its $8.2 billion liquefied natural gas export project by mid- to late 2027, the company's president said on Thursday. The company received a key US government approval on Wednesday for the facility, planned offshore of Matagorda, Texas. The project will include four liquefaction plants with a combined production capacity of 8.4 million metric tons per annum, representing about 8% of US capacity. The Transportation Department stated the project underwent the fastest deepwater port license review in more than two decades. ST LNG expects commercial operations to begin by mid-2030.