Texas LNG Announces Additional Offtake Sufficient for FID


   
    

    

   OAKHURST, N.J. (DTN) --- Texas LNG Brownsville LLC, a subsidiary of 
Glenfarne Energy Transition, LLC, announced that it has executed another Heads 
of Agreement with a highly experienced, investment-grade, global LNG player for 
a long-term LNG sale and purchase agreement.

   Texas LNG Brownsville LLC is a four million tonnes per annum liquified 
natural gas export terminal to be constructed in the Port of Brownsville.

   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. Texas LNG will begin construction in 2024 and commence commercial 
operations in 2028. The Glenfarne Energy Transition LNG portfolio also includes 
the 8.8 MTPA Magnolia LNG export facility under development in Lake Charles, 
Louisiana.




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