Glenfarne Secures 1.5 MMtpy Texas LNG Offtake as FID Nears

Glenfarne adds 1.5 MMtpy of Texas LNG to its portfolio as the project nears FID, while positioning for future Alaska LNG supply.

(P&GJ) — Glenfarne has expanded its LNG portfolio with a 1.5 MMtpy offtake agreement tied to Texas LNG, as the project moves closer to a final investment decision. The volumes will be marketed through the company’s Glenfarne Global Commodities platform, strengthening its position in Atlantic Basin LNG supply.

The agreement provides Glenfarne with additional flexibility to manage supply across global markets while advancing commercial support for the Texas LNG project. The company also expects to add future volumes from Alaska LNG once customer allocations are finalized, further expanding its long-term LNG supply position.

Texas LNG is targeting a second-quarter FID and has secured backing from an initial bank group with more than $10 billion in underwriting capacity, signaling strong financing support. The project will be constructed using U.S.-based fabrication at Kiewit Offshore Services in Ingleside, Texas, as developers look to reduce execution risk and support domestic manufacturing.

“In a global market increasingly shaped by volatility and rapidly shifting demand, the ability to actively manage and target supply is a competitive advantage,” said Brendan Duval, Chief Executive Officer and Founder of Glenfarne Group.