Glenfarne still expects Texas LNG FID by end of this year

FERC prepared the final SEIS to address the August 6, 2024 opinion issued by the US Court of Appeals for the District of Columbia Circuit regarding the Commission’s environmental review of the Texas LNG project, proposed by Glenfarne’s Texas LNG Brownsville.

“FERC staff continues to conclude that approval of the project would result in less than significant impacts, with implementation of the environmental conditions set forth in the Commission’s prior authorizations for the project, and the additional mitigation measures recommended in the final supplemental EIS,” the regulator said.

Glenfarne said in a separate statement that Texas LNG’s FERC final order is expected in November.

With the final order, Texas LNG’s FERC authorization will have the “benefit of multiple rounds of review, analysis, and issuance by FERC, providing strong legal durability.”

Glenfarne said it reiterates previous guidance that Texas LNG is targeting FID by the end of 2025.

According to Glenfarne, Texas LNG has secured customer offtake commitments from EQT Corporation, Gunvor, Macquarie, and one of Europe’s leading utilities in a volume sufficient for achieving FID.

Kiewit is leading the engineering, procurement, and construction of Texas LNG under a lump-sum turnkey structure agreed last year.

Glenfarne said the final SEIS is the latest milestone for its federally authorized LNG portfolio, which also includes the Alaska LNG project and the Magnolia LNG project.

All three LNG projects are progressing towards final investment decisions, the company said.