Indian-American-led firm gets US nod for $8.2 billion LNG port off Texas coast

ST LNG has received approval to build a deepwater liquefied natural gas port off Matagorda, Texas, costing USD 8.2 billion. Construction is expected to commence in 2027 and the port will be operational by 2029. The project is anticipated to have a total export capacity of 8.4 million tonnes of LNG annually. It will also create approximately 2,000 construction jobs and up to 855 permanent positions.