Texas LNG Nears Full Capacity with New Offtake Agreement
(P&GJ) — Texas LNG Brownsville LLC, a liquefied natural gas export terminal to be constructed in the Port of Brownsville, Texas, has signed an agreement with an affiliate of a top-tier credit-rated market participant for a long-term LNG sale and purchase agreement for 0.5 million tonnes per annum (MTPA) of LNG.
“This agreement positions Texas LNG on the verge of full sellout, and we look forward to finalizing 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 buyers for the remaining volume of the project.
Glenfarne Energy Transition, the majority owner and managing member of Texas LNG, is a developer, owner, and operator of energy transition infrastructure. Texas LNG 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.
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