Glenfarne’s Texas LNG project fully subscribed, moves focus to financing, FID
Texas LNG Brownsville LLC, part of Glenfarne Group LLC, has signed a definitive 20-year agreement with RWE Supply & Trading for the supply of 1 million tonnes/year (tpy) of LNG from the 4-million tpy Texas LNG export plant to be constructed in the Port of Brownsville, Tex.
Deliveries can be shipped by RWE to locations in Europe and worldwide, with expected commissioning commencement in 2030.
Glenfarne has now finalized conversion of all of Texas LNG’s previously noted Heads of Agreements to fully binding long-term definitive offtake agreements.
“With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026,” said Vlad Bluzer, partner at Glenfarne, and co-president Texas LNG.
Texas LNG features the use of electric drive motors for LNG production, reducing emissions. The RWE agreement provides a framework to monitor, report, and verify greenhouse gas emissions (GHG) from the well head to LNG loading to document how LNG cargoes produced from the Texas LNG terminal support the reduction of GHG emissions across the LNG value chain.
Kiewit is leading the engineering, procurement, and construction of Texas LNG under a lump-sum turnkey structure.
The agreement with Texas LNG is RWE’s second long-term supply contract for LNG from the US. In 2022, RWE and Sempra Infrastructure signed a 15-year supply contract for about 2.25 million tpy of LNG.
