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Glenfarne announced the investment with lead investors being investment funds and accounts managed by the global investment firm in a statement on Monday.
The investment, which is subject to usual and customary conditions, will support the continued development and early construction works of Texas LNG.
Glenfarne said the announcement marks one of the final steps required for Texas LNG before achieving FID.
The investment supports the recently announced limited notice to proceed (LNTP) with Kiewit as part of the project’s executed lump-sum turnkey contract.
As Texas LNG continues to progress towards FID, the LNTP will include the issuance of critical purchase orders with key equipment suppliers, EPC-phase engineering activities, and geotechnical work, according to Glenfarne.
“This latest investment milestone is evidence of the execution readiness of Texas LNG, as it enables a number of strategic initiatives for the project, including placement of purchase orders for certain critical equipment packages,” said Vlad Bluzer, co-president of Texas LNG and Partner at Glenfarne.
Contracts
In January this year, Glenfarne announced that its Texas LNG project is fully subscribed after it signed a definitive 20-year sales and purchase agreement with a unit of German energy firm RWE.
Under the deal, Texas LNG will supply one million tonnes per year (mtpa) of LNG to RWE Supply & Trading.
Before this, Texas LNG signed a 20-year sales and purchase deal with a unit of Macquarie in December 2024.
Under the SPA, Macquarie Energy will buy 0.5 mtpa of LNG for 20 years from Texas LNG.
In September 2025, while announcing a 20-year SPA with a unit of Geneva-based trader Gunvor, Texas LNG said it was in the process of converting HOAs with Macquarie and another “highly experienced, investment-grade global LNG player” into definitive agreements.
Glenfarne is also expanding its global LNG commodities platform, Glenfarne Global Commodities, to include 1.5 mtpa of LNG offtake from Texas LNG.
Glenfarne Global Commodities recently signed a heads of agreement with Switzerland-based energy trader BGN for the long-term supply of LNG from the Texas LNG project.
Under the HoA, GGC and BGN intend to negotiate a definitive 20-year LNG SPA for 1 million tonnes of LNG supplied from Texas LNG.
