Texas LNG sells over half of offtake with additional LNG tolling agreement with EQT

April 24, 2024

(WO) – Texas LNG Brownsville LLC and a subsidiary of Glenfarne Energy Transition, LLC, has signed a second Heads of Agreement (HOA) with EQT Corporation for natural gas liquefaction services for an additional 1.5 MMtpa of LNG over 20 years.

This transaction expands Texas LNG’s total HOA volume with EQT to 2 MTPA. With this transaction, and Texas LNG’s recently announced offtake agreement with Gunvor, only 1.5 MMtpa of additional offtake is pending public announcement to reach Texas LNG’s fully permitted capacity.

“We are proud to expand our partnership with EQT with today’s announcement. Texas LNG has sold more than half of its permitted capacity. With this announcement with EQT and additional offtake sales to be announced soon, we will reach financial close and the start of construction in the fourth quarter this year,” said Brendan Duval, Glenfarne CEO and Founder.

Glenfarne, a developer, owner, and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Glenfarne is also the sole owner and developer of the 8.8 MMtpa Magnolia LNG in Lake Charles, Louisiana.

Texas LNG will commence commercial operations in 2028. Texas LNG and EQT announced an initial agreement in January 2024 for 0.5 MMTtpa of tolling capacity.

Texas LNG is a 4 MMtpa LNG export facility to be constructed in the Port of Brownsville, Texas and a subsidiary of global energy transition leader, Glenfarne Energy Transition, LLC.

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