POSTED: Tuesday, May 21, 2013 - 10:00am
UPDATED: Thursday, November 14, 2013 - 7:14am
PORT OF BROWNSVILLE, TX (KVEO NEWS CENTER 23) — The Port of Brownsville could be one step closer to building a multi-billion dollar natural gas export facility, NewsCenter 23's Matt Fernandez reports this could boost the Valley's economy.
Port of Brownsville Port Director Edurado Campirano is talking about working with the private sector on a huge project to build an export terminal for liquid natural gas. The port is in talks with several companies including one that just approval from Department of Energy to build a facility outside Houston.
The proposed site would be located off Highway 48 past the shrimp basin on 500 acres of land. The export terminal could export natural gas to European, Asian and Central American countries. Campirano says they hope to work as fast as possible to make a deal.
Campirano says in order to go forward they need approval from the Department of Energy , following that they need to go through several other steps before construction can begin.
The U.S. historically has been a large importer of natural gas, but the discovery of huge untapped American natural gas fields and the development of fracking technology to access those resources, has led to surpluses that could make natural gas exports highly profitable.