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02-07-2024

Texas LNG signs offtake agreement with affiliate of top tier market participant

Texas LNG Brownsville LLC , a four million tonnes per annum liquefied natural gas export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC, has signed a non-binding Heads of Agreement with an affiliate of a top-tier credit-rated market participant for a long-term LNG free-on-board sale and purchase agreement for 0.5 MTPA of LNG from Texas LNG.

“This agreement positions Texas LNG on the verge of full sell out, and we look forward to finalizing our offtake partnerships in the near future,” said Brendan Duval, CEO and Founder, Glenfarne Energy Transition and Co-President of Texas LNG.

Texas LNG is in advanced negotiations with several potential offtakers for the remaining volume of the project.

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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