Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition LLC, has executed a letter of intent (HOA) for a long-term LNG sales and purchase agreement with an “experienced, investment-grade” LNG operator.
The deal means Texas LNG has secured a sufficient amount of offtake agreements to make a final investment decision, according to the company. The new offtake is in addition to existing agreements with EQT Corporation, Gunvor Group and Macquarie Group.
“Designed to be the lowest-emissions LNG facility in the United States, we are grateful that our customers have selected Texas LNG as a key investment in the global energy transition,” said Brendan Duvall, CEO and founder of Glenfern Energy Transition and co-president of Texas LNG. “Strengthening Texas LNG’s FID bankability, our strong and diverse client base currently includes the largest natural gas producers in the U.S., one of the world’s leading financial institutions, the world’s largest independent commodity trader and one of the world’s leading LNG companies.”
The Texas LNG export facility will be built on a 625-acre site with access to abundant, low-cost Permian Basin and Eagle Ford gas reserves. Once fully operational, Texas LNG will be capable of producing 4 million tons per annum (MMtpa) of LNG for export.
Texas LNG says the facility will use electric motor compression powered by renewable energy, eliminating most of its carbon dioxide emissions.
Glenfern Energy Transition’s LNG portfolio also includes the 8.8 million tonne per year Magnolia LNG export facility under development in Lake Charles, Louisiana.
To contact the author, email andreson.n.paul@gmail.com.
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