EQT seals binding tolling deal with Glenfarne’s Texas LNG

US natural gas producer EQT has 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.

Texas LNG said in a statement on Tuesday that this binding deal solidifies the two heads of agreement signed earlier this year.

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.

After that, the two firms signed a new heads of agreement in April for 1.5 mtpa, boosting the total to 2 mtpa.

“Beyond this partnership with EQT, Texas LNG is actively converting its other HOAs into definitive agreements in preparation for a final investment decision,” Brendan Duval, Glenfarne CEO and founder said.

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

Texas LNG recently 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.

Glefarne did not reveal the name of the buyer.

The LNG plant will have a capacity of 4 mtpa.

Texas LNG plans to begin construction in 2024 and start commercial operations in 2028.

Besides this facility, the Glenfarne LNG portfolio also includes the 8.8 mtpa Magnolia LNG export facility under development in Lake Charles, Louisiana.

Most Popular

Shell wraps up acquisition of Pavilion Energy

UK-based LNG giant Shell has completed its previously announced acquisition of Singapore's Pavilion Energy.

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Glenfarne appoints Oliver Wood as Texas LNG project director

US energy firm Glenfarne has appointed Oliver Wood as project director of the planned 4 mtpa Texas LNG export project in the port of Brownsville.

Taiwan’s CPC inks initial Alaska LNG deal

Taiwan’s CPC Corp has signed a letter of intent with Alaska Gasline Development Corporation (AGDC) to buy LNG and invest in the latter's planned Alaska LNG project.

AGDC: market interest in Alaska LNG continues to rise

Market interest in Alaska LNG continues to accelerate "rapidly" following the agreement with US energy firm Glenfarne and President Trump's executive order identifying Alaska LNG as a national priority, according to state-owned Alaska Gasline Development Corporation.