Texas LNG concludes preliminary LNG supply deal with EQT

Glenfarne Energy Transition’s subsidiary Texas LNG Brownsville has signed a heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services, anticipating the finalization of a definitive 15-year LNG tolling agreement for 0.5 mtpa of LNG from the first train of Texas LNG terminal.

Brendan Duval, Glenfarne CEO and Founder, said the company is proud to welcome EQT as a customer and partner for Texas LNG, adding: “This is an important milestone for Texas LNG, with additional agreements to be announced in the near-term as we progress towards a final investment decision.”

Texas LNG, a four million tons per annum (mtpa) LNG export terminal to be constructed in the Port of Brownsville, Texas, is expected to achieve financial close and begin construction in 2024, commencing commercial operations in late 2027 or early 2028.

Glenfarne, a developer, owner and operator of energy transition infrastructure, is Texas LNG’s majority owner and managing member, while Samsung Engineering owns a minority equity interest and is leading the delivery of the facility along with Technip Energies U.S.

At the end of 2023, Glenfarne selected Baker Hughes to supply gas compression technology equipment for the terminal, noting that the agreement facilitates Texas LNG’s “Green by Design” approach, which intends to use abundant sources of locally procured renewable energy to power the facility and drive the plant’s electric motors.

Baker Hughes also has a framework agreement to make a strategic pre-FID investment in the project’s late-stage development.