Texas LNG Brownsville secures LNG sale, purchase agreement

Texas LNG Brownsville, which owns a liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, has secured an agreement with a global LNG player for a long-term LNG sale and purchase agreement.

With this agreement, Texas LNG Brownsville, a subsidiary of Glenfarne Energy Transition, has now secured enough commitments to achieving final investment decision. The other agreements are with EQT Corporation, Gunvor Group, and Macquarie Group.

“We are grateful that our customers have chosen Texas LNG, designed to be the lowest emitting LNG facility in the United States, to make a significant investment in the global energy transition,” Brendan Duval, CEO and founder, Glenfarne Energy Transition and co-president of Texas LNG, said. “Our strong and diversified customer base, which fortifies Texas LNG’s FID financeability, now includes the largest producer of natural gas in America, a leading global financial institution, one of the world’s largest independent commodities traders, and a major global LNG player. We look forward to advancing Texas LNG alongside our world-class project partners.”

Texas LNG is a 4 MTPA LNG export facility to be built in the Port of Brownsville. Texas LNG is creating one of the cleanest, lowest emitting LNG export facilities in the world through electric motor drives.

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