Texas LNG Announces Additional Offtake Sufficient for FID
September 11 2024 - 2:14PM
Business Wire
Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes
per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to
be constructed in the Port of Brownsville, Texas, a subsidiary of
Glenfarne Energy Transition, LLC (“Glenfarne”), is pleased to
announce that it has executed another Heads of Agreement (“HOA”)
with a highly experienced, investment-grade, global LNG player for
a long term LNG sale and purchase agreement.
With this announcement, Texas LNG has now secured customer
offtake commitments in a volume sufficient for achieving final
investment decision. The new agreement adds to existing agreements
with EQT Corporation, Gunvor Group, and Macquarie Group.
“We are grateful that our customers have chosen Texas LNG,
designed to be the lowest emitting LNG facility in the United
States, to make a significant investment in the global energy
transition,” said Brendan Duval, CEO and Founder, Glenfarne Energy
Transition and Co-President of Texas LNG. “Our strong and
diversified customer base, which fortifies Texas LNG’s FID
financeability, now includes the largest producer of natural gas in
America, a leading global financial institution, one of the world’s
largest independent commodities traders, and a major global LNG
player. We look forward to advancing Texas LNG alongside our
world-class project partners.”
Glenfarne Energy Transition, a developer, owner, and operator of
energy transition infrastructure, is the majority owner and
managing member of Texas LNG. The Glenfarne Energy Transition LNG
portfolio also includes the 8.8 MTPA Magnolia LNG export facility
under development in Lake Charles, Louisiana.
About Texas LNG Texas LNG is a 4 MTPA LNG export facility
to be constructed in the Port of Brownsville, Texas and a
subsidiary of global energy transition leader, Glenfarne Energy
Transition, LLC. Texas LNG is led by an experienced team committed
to creating one of the cleanest, lowest emitting LNG export
facilities in the world through electric motor drives. Additional
information about Texas LNG may be found on its website at
www.texaslng.com
About Glenfarne Energy Transition, LLC Glenfarne Energy
Transition is a wholly owned subsidiary of Glenfarne Group, a
privately held energy and infrastructure development and management
firm based in New York City and Houston, Texas, with offices in
Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota,
Colombia; Barcelona, Spain; and Seoul, South Korea. Glenfarne
Energy Transition aims to address the “here and now” global energy
transition through three core businesses: Global LNG Solutions,
Renewables, and Grid Stability. The company’s seasoned executives,
asset managers, and operators develop, acquire, manage, and operate
energy infrastructure assets throughout North and South America.
For more information, please visit
www.GlenfarneEnergyTransition.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240911524947/en/
Kris Cole pro-texaslng@prosek.com