The export capacity of a South Texas gas export terminal is fully booked more than six years after federal energy regulators first authorized the project.
Glenfarne Group, the developer of the Texas LNG project on the Port of Brownsville’s north shore, said last week that the company had inked a “definitive” 20-year agreement with German company RWE Supply & Trading — moving the project closer to a final investment decision.
“With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026,” said Vlad Bluzer, a partner at Glenfarne and co-president of Texas LNG, in a news release.
Glenfarne previously sought to reach a final investment decision last year, but that didn’t happen. All previously announced heads of agreements have been converted into “fully binding long-term definitive offtake agreements,” Glenfarne said in its release.
