Glenfarne’s Texas LNG signs offtake agreement, nears sell out

Glenfarne Energy Transition LLC subsidiary Texas LNG Brownsville LLC has signed a non-binding heads of agreement (HoA) with an unnamed market participant for long-term supply of 500,000 tonnes/year (tpy) of LNG on a free-on-board basis from its 4-million tpy LNG plant under development in the Port of Brownsville, Tex.

“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 Brendan Duval, chief executive officer and founder, Glenfarne Energy Transition and co-president of Texas LNG, in a release July 2.

Texas LNG already has executed heads of agreements with EQT Corp. anticipating a definitive 15-year LNG tolling agreement and with the Gunvor Group for a 20-year LNG tolling agreement for part of the project’s capacity (OGJ Online, Apr. 23, 2024; Mar. 18, 2024).  

In May, the company submitted to the US Federal Energy Regulatory Commission a request for an extension to complete the plant (OGJ Online, May 29, 2024). Texas LNG is requesting approval to complete construction and place into service the project by Nov. 22, 2029.