Indian-American-led firm to build $8.2 bn deepwater port off Texas coast
Business Standardvia NewsData.io
The US has approved an application from an Indian-American-led firm, ST LNG, to build a deepwater liquefied natural gas (LNG) port off the coast of Texas at a cost of USD 8.2 billion. US Transportation Secretary Sean Duffy announced earlier this week that the Maritime Administration (MARAD) fast-tracked the deepwater port licensing process by completing the Final Environmental Impact Statement within 410 days as against five years. India-born Sharad Tak's ST LNG deepwater port will be built approximately 10.4 miles offshore Matagorda, Texas. Construction is expected to begin in 2027, with the
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