US energy firm Glenfarne said on Thursday that its 4 mtpa Texas LNG project in the port of Brownsville is now fully subscribed after it signed a definitive 20-year sales and purchase agreement with a unit of German energy firm RWE.
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Glenfarne’s Magnolia LNG has signed a long-term feed gas deal with Texas Eastern Transmission for its planned liquefaction and export plant in Louisiana.
New York-based HPS Investment Partners, part of BlackRock, has decided to invest $500 million in Glenfarne's 4 mtpa Texas LNG export terminal in the port of Brownsville as the project nears a final investment decision.