Texas LNG receives regulatory approval for final investment decision

(WO) – Texas LNG, a 4 MMtpa liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC 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 with EQT Corporation for natural gas liquefaction services for 0.5 MMtpa 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.

Glenfarne recently announced partnerships with Bakes 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.

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.”