Archive update: Corrected September 16, 2026: the July 14 action concerned nonbinding port lease terms, not a regulatory approval. The previous Monday reference was also incorrect.
The Galveston Wharves Board advanced preliminary terms for a proposed liquefied natural gas facility on Pelican Island at its July 14, 2026 meeting. The published agenda identifies Power LNG Ventures, LLC and approximately 30 acres of port property under item F.9. [2]
The meeting record describes a nonbinding term sheet intended to guide a later lease and development agreement. Trustees approved the motion after discussing the proposal. A completed lease still had to return to the board for consideration; the term-sheet action was not itself a final lease or a regulatory permit. [3]
The proposal described an initial production capacity of 400,000 gallons of LNG per day, potentially increasing to 800,000 if additional gas supply became available. The contemplated timetable anticipated production in December 2028, followed by a 30-year primary lease term with two possible 10-year renewals. These were proposed terms, not achieved production or guaranteed dates. [3]
Natalie Weber’s July 15 report put the proposed facility cost at $250 million and described marine fueling, particularly cruise ships, as a central purpose. The figures describe the development proposal, rather than a completed investment. [1]
Correction: the earlier headline described a regulatory hurdle and the excerpt referred to Monday. The verified action was the port board’s consideration of nonbinding terms on Tuesday, July 14. This September 16 update corrects that distinction while retaining the original article address and July 15 publication date.
