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Glenfarnes Texas LNG signs offtake agreement for liquefied natural gas

Texas LNG Brownsville LLC, a 4 million tonnes per year LNG export terminal to be constructed at the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC, has signed a non-binding Heads of Agreement (HoA) with an affiliate of a market participant with prime credit ratings for a long-term LNG free-on-board (FOB) purchase agreement for 500,000 tonnes per year of LNG from Texas LNG.

“This agreement brings Texas LNG to the brink of complete sell-out and we look forward to completing our offtake partnerships in the near future,” said Brendan Duval, CEO and founder of 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 begin commercial operations in 2028. Glenfarne Energy Transition's LNG portfolio also includes the 8.8 million tonnes per year Magnolia LNG export facility currently under development in Lake Charles, Louisiana.

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Anna Harden

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