The Rio Grande liquified natural gas (LNG) export terminal will be built in the port of Brownsville in Texas and supplied with natural gas from the Rio Bravo Pipeline. Together with two other planned terminals at Brownsville it will lead to 5.1 billion cubic feet of gas being liquefied and exported every day.
The terminals will transform the coastal landscape of the Rio Grande Valley into an industrial export hub for LNG. Gas, mostly derived from fracking, is piped to the coast, supercooled and compressed into liquid. LNG export terminals are capital-intensive, financially risky and environmentally destructive. The impacts of these facilities span people and ecosystems across the continent: communities around the terminal site, communities at the point of extraction and communities along the pipeline routes. Moreover, the project is completely incompatible with a climate-stable future and the Paris Agreement.
Societe Generale, the Equator Bank involved, and Macquarie Bank are the financial advisors of this project.