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March 18, 2024: Texas LNG announced today that it has signed a Heads of Agreement (“HOA”) with Gunvor Group through its subsidiary Gunvor Singapore Pte Ltd (“Gunvor”) for a 20-year LNG FOB sale and purchase agreement (“SPA”) for 0.5 MTPA of LNG from Texas LNG.

“We’re thrilled to welcome Gunvor to our portfolio of customers, connecting Texas LNG, one of the lowest-emitting liquefaction facilities in the world, with global economies in need of reliable, sustainable energy,” said Brendan Duval, CEO and Founder, Glenfarne Energy Transition and Co-President of Texas LNG.

“With the previously announced commencement of the execution phase of the project financing process, this agreement aligns with our plan to take a final investment decision on Texas LNG this year,” said Vlad Bluzer, Co-President of Texas LNG.

“We are pleased to have executed this agreement and become one of the foundation buyers of the Texas LNG project. Gunvor continues to support US LNG export projects, unlocking new supplies for the global energy market and providing energy security especially to our customers in Europe and Asia” said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.

The press release can be viewed by clicking here.

March 14, 2024: Following completion of required permitting and execution of offtake arrangements Texas LNG today announces that it has received sufficient expressions of interest from leading project finance banks to move to the execution phase of project financing. Glenfarne Energy Transition, LLC (“Glenfarne”) has also appointed Latham & Watkins as Borrower’s counsel and Milbank as Lenders’ counsel for the issuance.

These lenders have been key supporters of Glenfarne, having led over $4 billion of financing to Glenfarne’s businesses over the last 10 years, supporting the acquisition and/or construction of various energy transition focused assets. Furthermore, these banks are active in LNG, having participated in approximately $44 billion of project finance debt to the U.S. LNG sector alone over the last 24 months.

“Texas LNG’s financing consortium will be comprised of the world’s leading institutions that recognize the attributes of the project and Glenfarne’s excellent history of building energy transition infrastructure,” said Brendan Duval, CEO and Founder of Glenfarne Energy Transition.

Today’s news follows Texas LNG’s recent announcement that it signed a Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services for 0.5 MTPA of LNG. Texas LNG also recently announced partnerships with Baker Hughes and ABB to help develop the terminal, representing more than half a billion dollars’ worth of equipment selections for Texas LNG to date.

The first LNG exports from Texas LNG are expected to be shipped in 2028.

The press release can be viewed by clicking here.

February 16, 2024: Today Texas LNG announced it has selected Gulf LNG Tugs of Texas, LLC (“Gulf LNG Tugs”), a consortium of Suderman & Young Towing Company, Bay-Houston Towing, and Moran Towing Corporation to build, deliver and operate tugboats under a long term agreement to assist LNG carriers arriving at the facility. In line with Texas LNG’s “Green by Design” approach, the tugboats will be among the most modern, low-emissions tugboats available to serve a facility of Texas LNG’s size.

Brendan Duval, CEO and Founder of Glenfarne Energy Transition, said: “The Texas LNG team undertook a comprehensive process to identify a marine service provider that not only matches our commitment to environmental stewardship, but also provides our customers with reliable, cost-effective marine services. We are pleased to have Gulf LNG Tugs on board as a partner and look forward to the jobs and local content they will bring to both Texas LNG and the local Rio Grande Valley community.”

In a joint statement from Gulf LNG Tugs partners: “Gulf LNG Tugs is excited to be providing marine services in a long-term partnership with Texas LNG. We are proud to be the exclusive tug operator for LNG vessels to yet another successful LNG project in the Port of Brownsville and look forward to expanding our operations in the port and our presence in the Rio Grande Valley community.”

This news follows Texas LNG’s recent announcement that it signed a Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services for 0.5 MTPA of LNG, and additionally announced partnerships with Baker Hughes and ABB to help develop the terminal, representing more than half a billion dollars’ worth of equipment selections for Texas LNG to date.

The press release can be viewed by clicking here.

January 25, 2024: Today Texas LNG received its Section 10 and Section 404 permits from the U.S. Army Corps of Engineers (“USACE”) and Texas state-level approval from the Railroad Commission of Texas under The Coastal Zone Management Act of 1972, completing the project’s permitting efforts required for a final investment decision.

This news follows Texas LNG’s recent announcement that it signed a Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services for 0.5 MTPA of LNG. Texas LNG is in advanced stages of negotiations for the remaining volumes from the project expected to conclude in the near-term including finalizing previously executed, but unannounced, HOA’s and Memorandums of Understanding.

Brendan Duval, CEO and Founder of Glenfarne Energy Transition, said: “With these permits in hand and contracts signed, Glenfarne anticipates concluding commercialization of Texas LNG in the first half of 2024. Texas LNG has both its Federal Energy Regulatory Commission permit and Department of Energy non-Free Trade Agreement permit in hand, and we believe that makes the project among the most attractive options for contracting U.S. LNG. I am immensely proud of the team’s ability to take this project from concept to reality working with industry-leading partners and customers, and we look forward to closing our financing and commencing construction later this year.”

Glenfarne recently announced partnerships with Baker Hughes and ABB to help develop the terminal, representing more than half a billion dollars’ worth of equipment selections for Texas LNG to date. Texas LNG expects to close its project financing in 2024 with construction commencing shortly thereafter. The first LNG exports from Texas LNG are expected to be shipped in 2028.

Texas LNG was designed to be one of the lowest-emitting export terminals on the planet, providing reliable, responsibly sourced U.S. LNG that can help fuel the global energy transition to renewables and reinforce energy security.

The press release can be viewed by clicking here.

January 11, 2024: Texas LNG has signed a Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services. The HOA anticipates the finalization of a definitive 15-year LNG tolling agreement for 0.5 MTPA of LNG from the first train of Texas LNG.

“We are proud to welcome EQT as a customer and partner for Texas LNG, with our industry- leading low-emissions facility liquefying US natural gas for global markets,” said Brendan Duval, Glenfarne CEO and Founder. “This is an important milestone for Texas LNG, with additional agreements to be announced in the near-term as we progress towards a Final Investment Decision.”

The press release can be viewed by clicking here.

December 2023: Texas LNG and ABB have signed a Memorandum of Understanding to collaborate on core automation and electrical equipment for the new facility. As part of the MoU, Texas LNG and ABB have agreed to a framework for ABB to make an investment in the project.

Texas LNG is a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), a global energy transition leader providing critical solutions to lower the world’s carbon footprint. Combined with Texas LNG’s recent equipment and partnership agreement with Baker Hughes, Glenfarne has announced more than a half a billion dollars’ worth of equipment selections for Texas LNG to date.

“Texas LNG’s mission to be one of the lowest-emitting LNG export terminals on the planet requires the sector’s top expertise and innovation,” said Brendan Duval, CEO and Founder of Glenfarne Energy Transition. “By partnering with ABB, we’re confident that Texas LNG will be the most efficient and environmentally sensitive U.S. LNG facility.”

“ABB’s integrated offering of automation, electrical and digital solutions uniquely help minimize CAPEX and maximize the performance, production and plant availability of LNG and clean fuel projects,” said Brandon Spencer, President of ABB Energy Industries. “We look forward to collaborating with Texas LNG to explore how technological advances can help enhance LNG production, given the vital role LNG can play in global energy security.”

Texas LNG expects to close its project financing in 2024 with construction commencing shortly thereafter. An equipment order is expected to be granted in conjunction with financial close of the project. The first LNG exports from Texas LNG are expected to be shipped in late 2027 or early 2028.

The press release can be viewed by clicking here.

November 2023: Texas LNG has selected Baker Hughes, an energy technology company to supply gas compression technology equipment, including electric motor drives, for its LNG export terminal. As part of the partnership between Baker Hughes and Texas LNG, Baker Hughes has also a framework agreement to make a strategic Pre-FID investment in the project’s late-stage development.

The agreement with Baker Hughes facilitates Texas LNG’s “Green by Design” approach, which intends to use abundant sources of locally procured renewable energy to power the facility and drive the plant’s electric motors. This green-ready infrastructure allows Texas LNG to eliminate most CO2 emissions to less than half of a typical LNG export project, making it one of the lowest-emitting liquefaction facilities in the world.

“We are pleased to be partnering with a world-class organization like Baker Hughes for this critical equipment,” said Brendan Duval, CEO and Founder of Glenfarne Energy Transition. “Baker Hughes’ strategic commitment into Texas LNG further underscores the commitment between the parties on Texas LNG and its strength as a fully permitted, late-stage infrastructure project.”

“Natural gas and LNG will continue to play a critical role in the energy transition, and we are pleased to support Texas LNG with our leading technologies and partnership,” said Lorenzo Simonelli, chairman & CEO of Baker Hughes. “Our decades of experience in the LNG space and our proven solutions will help to ensure greater LNG supply as we work together to balance the energy trilemma of security, sustainability, and affordability.”

Texas LNG will close its project financing in 2024 with construction commencing shortly thereafter. The equipment order is expected to be granted in conjunction with financial close of the project. The first LNG exports from Texas LNG are expected to be shipped in late 2027 or early 2028.

The press release can be viewed by clicking here.

April 2023: Texas LNG announced the Federal Energy Regulatory Commission (“FERC”) has issued an Order on Remand to the project following the completion of an additional social cost of carbon and environmental justice analysis.

The Order on Remand includes two modified mitigation requirements regarding air monitoring and emergency response communications that Texas LNG will incorporate into its execution plan. Texas LNG expects to make a final investment decision (“FID”) this year and begin commercial operations in 2027.

Texas LNG’s “Green by Design” approach is strategically designed to avoid emissions rather than minimizing or mitigating them. By using renewable energy to power the entire facility and drive Texas LNG’s electric motors, the project eliminates most CO2 emissions, with less than half of a typical LNG export project, making it one of the lowest-emitting liquefaction facilities in the world.

“Environmental justice and the carbon footprint of our project are among the most important issues we regularly consider as we progress Texas LNG to a final investment decision this year. We thank the FERC commissioners and staff for bringing this matter to a thoughtful resolution," said Brendan Duval, CEO and Founder of Glenfarne Energy Transition.

Duval further commented, “Texas LNG will bring more than 1,200 new construction jobs and over 100 new full-time jobs to the Rio Grande Valley of which a majority are intended to be hired from the local community. We are eager to begin construction on our facility to be able to safely export clean, environmentally sensible LNG that is ’Green by Design’ around the globe providing long-term energy security when it is critically needed.”

The press release can be viewed by clicking here.

May 2022: Texas LNG is pleased to announce it has executed an agreement with Technip Energies USA, Inc. (“Technip Energies”) and Samsung Engineering Co., Ltd (“Samsung Engineering”) to lead the delivery of the facility via a joint venture.

Technip Energies, a leading technology and global engineering, procurement, construction and project management company that has delivered more than 20 percent of worldwide operating LNG capacity, will partner with Samsung Engineering, a global engineering, procurement, construction and project management firm who also holds a minority equity interest in Texas LNG. Under a project financeable structure, the two companies will be responsible for all facets of the liquefaction facility’s delivery including engineering, construction coordination, start-up, and commissioning.

The press release can be viewed by clicking here.

January 2022: Texas LNG announced that it has executed a pipeline transportation precedent agreement for the expansion of Enbridge's Valley Crossing Pipeline (“VCP”) to deliver approximately 720 million cubic feet per day of natural gas to Texas LNG’s export facility for a term of at least 20 years. The press release can be viewed by clicking here.

The VCP consists of a 160-mile 42- and 48-inch diameter pipeline originating at Agua Dulce, a major Texas gas hub, and extending to the Port of Brownsville. A 10-mile lateral will be built to extend the pipeline to Texas LNG’s facility, along with the addition of compression facilities on the existing pipeline. The VCP’s pipeline header at Agua Dulce, a growing gas pricing and transportation hub in South Texas, interconnects with ten major gas pipeline systems providing access to abundant and competitively priced gas from the Permian and other major gas basins with a total receipt capacity of more than seven billion cubic feet per day. The compression facilities at Agua Dulce will use electric motors which can be powered by plentiful Texas renewable energy, thus reducing CO2 emissions.

December 2020: Texas LNG announces long-term lease agreement with the Port of Brownsville, successfully securing the Texas LNG export project site for up to 50 years. See press release by clicking here.