Glenfarne Energy, EQT Sign Tolling Agreement for Texas LNG
The partners have signed a heads of agreement for natural gas liquefaction services from the first train at Glenfarne’s Texas LNG export terminal.
Glenfarne Energy Transition’s Texas LNG Brownsville export terminal, to be constructed in the Port of Brownsville, TX, has entered into a heads of agreement (HOA) with EQT Corporation for natural gas liquefaction services. The HOA anticipates the completion of a definitive 15-year LNG tolling agreement for 0.5 MTPA of LNG from the first train of the Brownsville export terminal.
“We are proud to welcome EQT as a customer and partner for Texas LNG, with our industry-leading low-emissions facility liquefying US natural gas for global markets,” said Brendan Duval, Glenfarne CEO and Founder. “This is an important milestone for Texas LNG, with additional agreements to be announced in the near-term as we progress towards a final investment decision.”
Texas LNG, Brownsville, TX; Image Credits: Glenfarne Energy Transition
Glenfarne Energy is the majority owner and managing member of Texas LNG, along with additional assets in the energy transition infrastructure business. Texas LNG will achieve financial close and begin construction in 2024, as well as starting commercial operations in late 2027 or early 2028. In addition to the Texas LNG export terminal, Glenfarne is also the owner and developer of the 8.8 MTPA Magnolia LNG site in Lake Charles, LA.
