Houston liquefied natural gas company NextDecade has entered into an agreement to deepen nearly half of Brownsville Ship Channel.
During a Wednesday morning event, NextDecade CEO Matt Schatzman signed an agreement to privately fund deepening the South Texas waterway from its entrance at the Gulf of Mexico to company’s proposed export terminal.
The Port of Brownsville has held a permit to deepen the ship channel from 42 feet to 52 feet for years but lacked local, state and federal funding.
Under the deal, NextDecade will fund the dredging project as well as widening a bend near the channel’s entrance to improve navigational safety. If approved, the company’s proposed Rio Grande LNG export terminal will be located near the halfway point of the 17-mile channel.
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