Texas LNG

Huge news on Texas LNG today. We are very excited to achieve this vital milestone.

Another step closer!

We’re happy to share that Glenfarne Energy Transition, LLC’s export terminal Texas LNG has signed a non-binding Heads of Agreement with an affiliate of a top-tier credit-rated market participant for a long-term LNG free-on-board sale and purchase agreement for 0.5 million tonnes per annum of #LNG.

Thanks to Cameron County for their support!

📢 Less than one week until LNG Export North America's keynote engineering and construction panel sponsored by Bron & Claude! Limited passes remain, register here: https://www.lngexport.us/ Industry leaders on the panel include: ➡️ Eric Gutierrez, President - OGC, Kiewit  ➡️ Michael VanderMate, SVP Engineering & Construction, Cheniere Energy, Inc.  ➡️ Paul Varello, Executive Chairman, Commonwealth LNG  ➡️ Jim Lewis, Vice President - Western Operations, McDermott International, Ltd ➡️ Adam Prestidge, Executive Vice President – LNG, Glenfarne Group, LLC ➡️ Moderator - Jonathan Rennie, Executive Consultant, Leadership & Talent Coach, Honeycomb Anthems Record numbers of project owners and EPCs are in attendance, join us in Houston to meet project partners and engineer, construct, and maintain LNG facilities. #LNGExportUS24 #LNG

Another milestone accomplished for our Texas LNG as it approaches a final investment decision later this year. Thank you to the Cameron County Commissioners for their support and trust. #LNG #EnergyTransition Alder Midstream, LLC Glenfarne Group, LLC #Greenbydesign

We’re happy to share that Glenfarne Energy Transition, LLC's export terminal, Texas LNG, has signed an additional Heads of Agreement with EQT Corporation for 1.5 million tonnes of #LNG (MTPA) bringing their total offtake from Texas LNG to 2.0 MTPA. More than half of the offtake from Texas LNG is now sold with additional agreements to be announced soon. #EnergyTransition #LNGNews #GlenfarneGroup

Glenfarne Energy Transition’s Texas LNG has achieved another milestone towards final investment decision. We are proud to announce that Texas LNG has received sufficient expressions of interest from leading project finance banks to move to the execution phase of project financing. These lenders have been key supporters of Glenfarne, having led over $4 billion of financing to Glenfarne’s businesses over the last 10 years, and are also among the leading LNG project finance banks.   We have also appointed Latham & Watkins as Borrower’s counsel and Milbank as Lenders’ counsel for the issuance.

More good news for Texas LNG

Yesterday, Texas LNG received its Section 10 and Section 404 permits from the U.S. Army Corps of Engineers (“USACE”) and Texas state-level approval from the Railroad Commission of Texas under The Coastal Zone Management Act of 1972, completing the project’s permitting efforts required for a final investment decision. Texas LNG has both its Federal Energy Regulatory Commission permit and Department of Energy non-Free Trade Agreement permit in hand, and we believe that makes the project among the most attractive options for contracting U.S. LNG. Texas LNG now stands with all permits necessary to proceed to #FID.  #lng #energytransition #TexasLNG