Glenfarne's Texas LNG and EQT Sign 15-Year Agreement
(P&GJ) — Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition LLC, is set to build a four million tonnes per annum (MTPA) LNG export terminal in the Port of Brownsville, Texas. The company has inked an agreement with EQT Corp. for natural gas liquefaction services.
The Heads of Agreement (HOA) signals the expected conclusion of a definitive 15-year LNG tolling agreement, covering 0.5 MTPA of LNG produced from the first train of Texas LNG.
“We are proud to welcome EQT as a customer and partner for Texas LNG, with our industry-leading low-emissions facility liquefying U.S. natural gas for global markets,” Brendan Duval, Glenfarne CEO and founder, said. “This is an important milestone for Texas LNG, with additional agreements to be announced in the near-term as we progress towards a Final Investment Decision.”
Glenfarne, a developer, owner, and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Texas LNG will achieve financial close and begin construction in 2024 commencing commercial operations in late 2027 or early 2028. Glenfarne is also the sole owner and developer of the 8.8 MTPA Magnolia LNG in Lake Charles, Louisiana.
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