Glenfarne appoints Oliver Wood as Texas LNG project director

Glefarne said in a statement that Wood joined the Texas LNG team in 2023 with 20 years of prior experience in the oil and gas industry, specializing in LNG, refinery, and petrochemical projects.

In his previous role as Texas LNG’s construction and module director, he “consistently demonstrated his expertise and leadership skills,” the firm said.

“As project director, he will be leading the construction team for the project, which will deliver $60 billion worth of LNG, working closely with Kiewit, Texas LNG’s EPC contractor, as the project moves swiftly toward a final investment decision (FID),” Glefarne said.

In addition to Wood’s appointment, Jorge Hoyos, managing director of Glenfarne has been promoted to managing director of the group, reflecting his leadership over his last eight years with the company.

“We are pleased to announce promotions for Jorge Hoyos and Oliver Wood, recognizing their importance to the Glenfarne and Texas LNG businesses,” said Brendan Duval, Glenfarne CEO and founder.

“Jorge’s leadership and strategic mindset have contributed significantly to our investment operations, and Oliver’s commitment to excellence and clear ability to execute will play a vital role in Texas LNG’s success as we move toward construction,” he said.

Texas LNG

In November 2024, Glenfarne’s Texas LNG selected Kiewit to lead the engineering, procurement, and construction (EPC) of its LNG export terminal in the port of Brownsville.

Texas LNG said at the time it would work with Kiewit to “promptly” complete the pre-FID engineering required for the project to proceed to an FID.

Prior to that, Texas LNG signed a new heads of agreement in September 2024 to supply LNG to a “highly experienced, investment-grade, global LNG player.”

With this announcement, Texas LNG said it had secured customer offtake commitments in a volume sufficient for achieving FID.

In July the same year, US natural gas producer EQT entered into a binding agreement for liquefaction services from Texas LNG’s planned facility in Brownsville to produce 2 mtpa of LNG under a 20-year tolling agreement.

This binding deal solidifies the two heads of agreement which were signed earlier.

In addition, Texas LNG signed a long-term supply deal in March with a unit of Geneva-based trader Gunvor.

This deal is for 0.5 mtpa of LNG on a FOB basis for 20 years.

Texas LNG also entered into a deal with a “top-tier credit-rated market participant” for a long-term LNG free-on-board sale and purchase agreement for 0.5 mtpa of LNG.

Besides these deals, Texas LNG also previously selected Swiss engineering group ABB and US energy services firm Baker Hughes to supply equipment for its LNG project. It also awarded a tugboat contract to Gulf LNG Tugs of Texas.