Earlier this year, Texas LNG and EQT signed two heads of agreements (HOA) for long-term purchases of LNG. (Source: Texas LNG)
Texas LNG Brownsville LLC, a subsidiary of its majority owner Glenfarne Energy Transition LLC, and EQT Corp. have executed a definitive tolling agreement for natural gas liquefaction services, the companies announced in a July 23 press release.
EQT will supply natural gas to Texas LNG, a 4- million tonnes per annum (mtpa) LNG export terminal planned for the Port of Brownsville, Texas, to produce 2 mtpa of LNG, according to the terms of the 20-year tolling agreement.
Earlier this year, Texas LNG and EQT signed two heads of agreements (HOA) for long-term purchases of LNG.
“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,” said EQT’s President and CEO Toby Rice. “We stand ready to deliver supply to growing LNG markets, helping to strengthen energy security and reduce global emissions via foreign coal displacement.”
Earlier this month, Texas LNG announced it had signed an offtake agreement for 0.5 mtpa with a “top-tier, credit-rated market participant,” the press release said. Texas LNG is currently converting its other heads of agreements with separate entities into definitive agreements in preparation for a final investment decision, Brendan Duval, Glenfarne’s founder, co-president and CEO, said in the release.
The majority of the project’s remaining offtake has been contracted.
Texas LNG’s construction is expected to begin in 2024 and commercial operations are expected in 2028.
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