Texas LNG Brownsville LLC (“Texas LNG”), a subsidiary of Glenfarne Energy Transition, LLC, has announced the signing of another Heads of Agreement (HOA) with a prominent, investment-grade global LNG player for a long-term sale and purchase agreement. This marks another step toward the development of Texas LNG’s four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal at the Port of Brownsville, Texas.
With this latest agreement, Texas LNG has now secured enough customer offtake commitments to proceed with a final investment decision (FID). This new partnership joins existing agreements with EQT Corporation, Gunvor Group, and Macquarie Group.
“We are grateful that our customers have chosen Texas LNG, which is 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 of Glenfarne Energy Transition and Co-President of Texas LNG. “Our diverse and robust customer base now includes the largest natural gas producer in the U.S., 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. Glenfarne’s LNG portfolio also includes the 8.8 MTPA Magnolia LNG export facility, currently under development in Lake Charles, Louisiana.
About Texas LNG
Texas LNG is a 4 MTPA liquefied natural gas export terminal to be built at the Port of Brownsville, Texas, and is a subsidiary of Glenfarne Energy Transition, LLC. The facility is designed to be one of the cleanest and lowest-emitting LNG export operations in the world, using electric motor drives to achieve its sustainability goals. More information can be found at www.texaslng.com.
About Glenfarne Energy Transition, LLC
Glenfarne Energy Transition, a subsidiary of Glenfarne Group, is a leading energy and infrastructure development and management firm based in New York City and Houston, with additional offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Focused on addressing the immediate needs of the global energy transition, Glenfarne’s business centers on three core areas: Global LNG Solutions, Renewables, and Grid Stability. Its experienced team of executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure across North and South America.