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Glenfarne Energy Transition’s Texas LNG signs LNG offtake agreement

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Texas LNG Brownsville LLC, 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 million tons per annum of LNG. This LNG export terminal, with a capacity of four MTPA, will be constructed in the Port of Brownsville, Texas.

“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 the company representative.

Texas LNG is currently 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. The terminal is set to begin construction in 2024 and commence commercial operations in 2028. Glenfarne’s LNG portfolio also includes the 8.8 MTPA Magnolia LNG export facility under development in Lake Charles, Louisiana.

For more information visit www.glenfarneenergytransition.com