(Source: Shutterstock.com)
Glenfarne Energy Transition has an agreement to sell more than half of the permitted capacity of the Texas LNG Brownsville plant, the company said on July 2.
Texas LNG signed a nonbinding heads of agreement for long-term purchases for 500,000 tons per year of LNG. Glenfarne did not name the customer but described the company as a “top-tier credit-rated market participant.” Along with recent agreements with EQT and the Gunvor Group, Texas LNG has contracted more than half of its permitted capacity. Those agreements are also nonbinding.
“This agreement positions Texas LNG on the verge of full sellout, and we look forward to finalizing our offtake partnerships in the near future,” Glenfarne CEO Brendan Duval said in the press release.
Texas LNG will be built in the port of Brownsville, Texas, with a capacity of 4 million tonnes per year of LNG.
Glenfarne plans to begin plant construction this year. Commercial operations are planned to start in 2028, according to a press release.
The project was initially slated to be completed in 2024 but ran into delays, including a lawsuit from the Sierra Club challenging the permit approvals by the state and the Federal Energy Regulatory Commission.
In May, the company requested an extension with FERC to push the required completion date back to 2029.
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