Glenfarne’s Texas LNG inks new deal with EQT

US natural gas producer EQT has entered into a second heads of agreement for liquefaction services from Texas LNG’s planned facility in Brownsville to produce an additional 1.5 mtpa of LNG under a 20-year tolling agreement.

In January, the two firms entered into a heads of agreement for liquefaction services for 0.5 mtpa of LNG under a 15-year tolling agreement.

This transaction expands Texas LNG’s total HOA volume with EQT to 2 mtpa.

Texas LNG said in a statement that final terms remain subject to the negotiation of a definitive 20-year LNG tolling agreement.

Brendan Duval, Glenfarne CEO and founder said Texas LNG has sold more than half of its permitted capacity.

“With this announcement with EQT and additional offtake sales to be announced soon, we will reach financial close and the start of construction in the fourth quarter this year,” he said.

Texas LNG recently also signed a long-term supply deal with a unit of Geneva-based trader Gunvor.

Under the heads of agreement, Gunvor Singapore will buy 0.5 mtpa of LNG on a FOB basis for 20 years from Texas LNG.

Including both of these deals, only 1.5 mtpa of additional offtake is pending public announcement to reach Texas LNG’s fully permitted capacity, it said.

Texas LNG plans to start commercial operations in 2028.

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