Glenfarne Energy Transition’s Texas LNG moves to execution phase of project financing

These lenders have been key supporters of Glenfarne, having led over US$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 US$44 billion of project finance debt to the US LNG sector alone over the last 24 months.

“Texas LNG’s financing consortium will be comprised of the world’s leading institutions that recognise 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.

The news follows Texas LNG’s recent announcement that it signed a Heads of Agreement (HoA) with EQT Corp. (EQT) for natural gas liquefaction services for 0.5 million tpy 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.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/18032024/glenfarne-energy-transitions-texas-lng-moves-to-execution-phase-of-project-financing/