What is the Texas LNG project's capacity?

The Texas LNG facility is planned to have a capacity of four million tonnes per annum.

Who is building the Texas LNG terminal?

Glenfarne Energy Transition is developing the Texas LNG export terminal, with Kiewit appointed for engineering, procurement, and construction.

What are the key offtake agreements for Texas LNG?

Texas LNG has secured 20-year agreements with Macquarie Energy and Gunvor Singapore, each for 500,000 tonnes per annum of LNG.

Home / Business and Economy / Texas LNG Secures 20-Year Deal with Macquarie

Texas LNG Secures 20-Year Deal with Macquarie

4 Dec

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Summary

Texas LNG finalized a 20-year agreement with Macquarie Energy.
The deal is for 500,000 tonnes per annum of liquefied natural gas.
This agreement advances the Texas LNG export terminal project.

Texas LNG Secures 20-Year Deal with Macquarie

Texas LNG, a subsidiary of Glenfarne Energy Transition, has solidified a 20-year sales and purchase agreement with Macquarie Energy, a unit of Macquarie Group. This definitive contract, covering 500,000 tonnes per annum of liquefied natural gas, transforms a prior non-binding heads of agreement.

The agreement significantly bolsters the Texas LNG project, a planned four million tonnes per annum export terminal at the Port of Brownsville in Texas. Kiewit has been selected for final engineering design and construction.

Glenfarne highlights the terminal's 'Green by Design' approach, aiming to reduce operational carbon dioxide emissions. This deal, following a similar September contract with Gunvor Singapore, brings Texas LNG closer to a final investment decision.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.