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Printed by Theodore Reed-Martin,
Editorial Assistant
LNG Trade,
Texas LNG Brownsville LLC, a 4 million tpy LNG export terminal to be constructed within the Port of Brownsville, Texas, a subsidiary of Glenfarne Power Transition, LLC, has signed a Heads of Settlement (HOA) with EQTCorporation for pure fuel liquefaction providers. The HOA anticipates the finalisation of a definitive 15-year LNG tolling settlement for 0.5 million tpy of LNG from the primary practice of Texas LNG.
“We’re proud to welcome EQT as a buyer and associate for Texas LNG, with our low-emissions facility liquefying US pure fuel for world markets,” mentioned Brendan Duval, Glenfarne CEO and Founder. “This is a crucial milestone for Texas LNG, with further agreements to be introduced within the near-term as we progress in direction of a Closing Funding Resolution.”
Glenfarne, a developer, proprietor, and operator of power transition infrastructure, is almost all proprietor and managing member of Texas LNG. Texas LNG will obtain monetary shut and start building in 2024 commencing industrial operations in late 2027 or early 2028. Glenfarne can be the only real proprietor and developer of the 8.8 million tpy Magnolia LNG in Lake Charles, Louisiana.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/12012024/glenfarnes-texas-lng-announces-tolling-agreement-with-eqt/
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