Calhoun Port Authority will continue operations as planned after a $2.1 billion project has been postponed.
"It won't have any effect on what we are currently doing," said Charles Hausmann, Calhoun Port Authority's port director.
Excelerate Energy announced in December it would postpone its Lavaca Bay LNG facility project because of recent changes in the U.S. and global markets for natural gas exports.
"The amount of proposed liquefaction export facilities to be sited in the U.S. Gulf of Mexico pose challenges associated with the natural gas supply required by these proposed facilities to produce LNG," Denise Madera, director of marketing and communications for Excelerate Energy, wrote in an email.
The plans, announced in 2012, were forecast pending approval from the Federal Energy Regulatory Commission to begin in 2014 with exporting beginning in 2017, according to a previous Advocate story.
The facility would have brought more than 2,500 construction jobs and about 180 permanent jobs, according to an Advocate story published in 2012.
The energy company was still in the process of permitting with the commission to build the floating liquefied natural gas facility and has since filed for abeyance, which will allow the company to revisit its application April 1 and make a decision whether to resume or end the project.
"We are focusing our efforts on more attractive opportunities in floating liquefaction outside the United States," Madera said.
In the meantime, Hausmann said business will go on as usual.
"There's always something going on," he said. "We're still very financially strong, and we have other projects in the works."
Sanchez Oil and Gas, one of the port's clients, has expanded its operations to include 35.5 acres for exporting condensate and crude oil.
Plants located near Lavaca Bay contribute to much of the activity in the port, Hausmann said. He estimates that 99.9 percent of the product that comes in and out of the port comes from those nearby facilities as well as activity from liquid bulk chemical and dry bulk storage.
"It's too early to make any judgments on what is going to happen," he said about the postponed project.
Excelerate expects an increase in natural gas feedstock cost making the LNG produced from the U.S. GOM less competitive with global markets, Madera said.