Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has signed a definitive 20-year tolling agreement with EQT Corporation for natural gas liquefaction services, covering 2 million tonnes per annum of LNG. This agreement will support Texas LNG’s four MTPA export terminal, to be constructed at the Port of Brownsville, Texas.
Brendan Duval, CEO and founder of Glenfarne and co-president of Texas LNG, expressed enthusiasm about the partnership, stating, “Glenfarne’s partnership with EQT will bring low-emission natural gas to transitioning and emerging markets, powering the globe’s phase out of legacy, carbon-intensive fuels. Beyond this partnership with EQT, Texas LNG is actively converting its other HOAs into definitive agreements in preparation for a final investment decision.”
Toby Z. Rice, president and CEO of EQT, echoed these sentiments, highlighting the global impact of this collaboration: “Converting our HOA with Texas LNG to a definitive tolling agreement brings us one step closer to unleashing EQT’s reliable, low emissions natural gas on the global stage. We stand ready to deliver supply to growing LNG markets, helping to strengthen energy security and reduce global emissions via foreign coal displacement.”
In addition to the agreement with EQT, Texas LNG has secured offtake agreements for the majority of the project’s remaining capacity, including a recent 0.5 MTPA agreement with a top-tier, credit-rated market participant.
Glenfarne Energy Transition, a developer, owner, and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Texas LNG plans to begin construction in 2024 and commence commercial operations in 2028. Glenfarne’s LNG portfolio also includes the 8.8 MTPA Magnolia LNG export facility under development in Lake Charles, Louisiana.
For more information visit www.GlenfarneEnergyTransition.com
