Glenfarne Energy Transition’s Texas LNG and EQT Execute Binding LNG Tolling Agreement
2024年7月24日 - 5:41AM
ビジネスワイヤ(英語)
Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes
per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to
be constructed in the Port of Brownsville, Texas, and a subsidiary
of Glenfarne Energy Transition, LLC (“Glenfarne”), and EQT
Corporation (“EQT”) have executed a definitive 20-year tolling
agreement for natural gas liquefaction services for 2 MTPA of
LNG.
The agreement solidifies the two Heads of Agreement (“HOA”)
signed by Texas LNG and EQT earlier this year.
“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,” said Brendan
Duval, Glenfarne CEO and Founder and Co-President of Texas LNG.
“Beyond this partnership with EQT, Texas LNG is actively converting
its other HOAs into definitive agreements in preparation for a
final investment decision.”
“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 Toby Z. Rice,
President and CEO of EQT. “We stand ready to deliver supply to
growing LNG markets, helping to strengthen energy security and
reduce global emissions via foreign coal displacement.”
More broadly, Texas LNG has also announced offtake agreements
for the majority of the project’s remaining offtake. This includes
a signed agreement with a top-tier, credit-rated market participant
for 0.5 MTPA announced earlier this month.
Glenfarne Energy Transition, a developer, owner, and operator of
energy transition infrastructure, is the majority owner and
managing member of Texas LNG. Texas LNG will begin construction in
2024 and commence commercial operations in 2028. The Glenfarne
Energy Transition LNG portfolio also includes the 8.8 MTPA Magnolia
LNG export facility under development in Lake Charles,
Louisiana.
About Texas LNG
Texas LNG is a 4 MTPA LNG export facility to be constructed in
the Port of Brownsville, Texas and a subsidiary of global energy
transition leader, Glenfarne Energy Transition, LLC. Texas LNG is
led by an experienced team committed to creating one of the
cleanest, lowest emitting LNG export facilities in the world
through electric motor drives. Additional information about Texas
LNG may be found on its website at www.texaslng.com.
About Glenfarne Energy Transition, LLC
Glenfarne Energy Transition is a wholly owned subsidiary of
Glenfarne Group, a privately held energy and infrastructure
development and management firm based in New York City and Houston,
Texas, with offices in Dallas, Texas; Panama City, Panama;
Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul,
South Korea. Glenfarne Energy Transition aims to address the “here
and now” global energy transition through three core businesses:
Global LNG Solutions, Renewables, and Grid Stability. The company’s
seasoned executives, asset managers, and operators develop,
acquire, manage, and operate energy infrastructure assets
throughout North and South America. For more information, please
visit www.GlenfarneEnergyTransition.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240723387276/en/
Kris Cole pro-texaslng@prosek.com