New Delhi, Nov. 2 -- The US-India Strategic Partnership Forum (USISPF) has welcomed the US Department of Transportation's Maritime Administration (MARAD) approval of the deepwater port licence application for its member company ST LNG, led by Indian-American entrepreneur Sharad Tak, for its proposed USD 8.2 billion liquefied natural gas (LNG) export project offshore Texas.

Announced on October 28 by US Transportation Secretary Sean P. Duffy, the approval advances the proposed facility located approximately 10.4 miles offshore Matagorda, Texas, which is planned to have an annual export capacity of 8.4 million metric tonnes of LNG.

According to the US Department of Transportation, the project could increase the country's LNG export capaci...