Skip to content

Glenfarne’s Texas LNG project fully subscribed with RWE binding offtake agreement

Read Time: 2 mins

Texas LNG Brownsville LLC, part of Glenfarne Group, LLC, has signed a definitive 20-year Sales and Purchase Agreement with RWE Supply & Trading, one of Europe’s leading energy companies, for the supply of one million tonnes per year of Liquefied Natural Gas. This corresponds to approximately 13 cargoes of LNG and 1.4 billion cubic meters (BCM) per year of natural gas respectively. Deliveries can be shipped by RWE to locations in Europe and worldwide.

Offtake Portfolio Complete

Glenfarne has now finalized conversion of all of Texas LNG’s previously announced Heads of Agreements to fully binding long-term definitive offtake agreements.

Vlad Bluzer, Partner at Glenfarne Group, LLC and co-president Texas LNG, said: “We welcome RWE, one of the world’s most versatile energy companies, as an offtake partner for Texas LNG and look forward to helping them fulfill the needs of their customers with clean, competitive energy. With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026.”

Jacob Meins, chief commercial officer Origination at RWE Supply & Trading, said: “I am pleased to welcome Glenfarne as a strong partner in our LNG supply. This partnership strengthens our international LNG portfolio and supports Europe’s security of supply.”

Low-Emission Technology

Texas LNG features the use of electric drive motors for LNG production, making this project one of the lowest-emitting LNG terminals in the world. The RWE agreement provides a framework to monitor, report and verify greenhouse gas emissions (GHG) from the well head to LNG loading to document how LNG cargoes produced from the Texas LNG terminal support the reduction of GHG emissions across the LNG value chain.

Kiewit is leading the engineering, procurement and construction of Texas LNG under a lump-sum turnkey structure.

For more information on visit www.glenfarne.com