Texas LNG will participate in the US presidential trade mission to the People’s Republic of China.
The trade mission is part of President Donald Trump’s first state visit to China with Chinese President Xi Jinping. Led by US Secretary of Commerce Wilbur Ross and consisting of top executives from select multi-sector US firms, the mission is intended to help promote US exports to China by supporting US companies in launching or increasing their business in the marketplace. Delegation meetings will take place 8 – 9 November in Beijing, China.
Langtry Meyer, Texas LNG Founder & Chief Operating Officer, stated, “Texas LNG looks forward to representing the US LNG industry and promoting our China-focused strategy which includes LNG offtake, possible capital investment, and liquefaction module fabrication. Our partnerships with Chinese companies will contribute to US – China bilateral trade growth and enable both nations to reap economic and environmental benefits.”
Vivek Chandra, Founder & Chief Executive Officer, commented, “We are encouraged by China’s efforts to develop and use LNG as an energy fuel. While bringing jobs and investment to the United States, Texas LNG is ready to deliver clean, abundant Texas natural gas to China.”
Texas LNG operates in China through its China representative and legal adviser, Andrews Kurth Kenyon LLP Beijing, and has executed term sheets and memorandums of understanding with LNG buyers in China and elsewhere in Asia.
US Federal Energy Regulatory Commission (FERC) approval and Final Investment Decision for the development of the Texas LNG liquefaction project in Brownsville, Texas is expected in 2018, and first phase production of 2 million tpy of LNG is expected to begin in 2023.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08112017/texas-lng-joins-us-presidential-state-visit-to-china/