Glenfarne has announced that its Texas LNG project now has fully committed capacity. This significant milestone follows the successful completion of all necessary offtake negotiations. These agreements secure buyers for the liquefied natural gas produced by the facility.
Project Capacity Commitment Achieved
The company confirmed that all available capacity from the Texas LNG facility is now under contract. This commitment represents a major step forward for the project’s development. Glenfarne successfully secured agreements with various purchasers, ensuring the future output of the terminal.
Advancing Towards Financing Goals
With future production now secured, Glenfarne is concentrating its efforts on finalizing the financing process for the project. This crucial phase involves securing the necessary capital for the facility’s construction and subsequent operation. The company is actively engaging with potential financial partners to achieve this objective.
Path to Final Investment Decision
Glenfarne aims to reach a Final Investment Decision (FID) in early 2026. This decision will mark a critical juncture, allowing Glenfarne to proceed with the full-scale development and construction of the Texas LNG facility. Reaching FID signifies official approval for the substantial investment required.
Future Outlook for Texas LNG
The completion of offtake negotiations and the focused pursuit of financing underscore the project’s steady progress. These achievements position the Texas LNG project favorably for its planned development. Glenfarne continues to advance its strategic plans for the facility.
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