Houston, December 4, 2025
Glenfarne Group’s Texas LNG project has secured a pivotal 20-year agreement with Macquarie Energy for the supply of 0.5 MTPA of liquefied natural gas. This partnership impels Houston’s position in the energy market, focusing on low-emission operations and sustainable growth. The project’s design aims to significantly reduce CO2 emissions, with a targeted completion date of November 2029, bolstering local economic development and job creation.
Houston, Texas – Glenfarne’s Texas LNG Project Secures 20-Year Offtake Agreement with Macquarie
In a significant advancement for Houston’s energy sector, Glenfarne Group’s Texas LNG project has finalized a pivotal 20-year sales and purchase agreement with Macquarie Energy LLC, a subsidiary of Macquarie Group Limited. The contract secures the supply of 0.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG), transforming a previous non-binding Heads of Agreement into a definitive contract. This agreement not only exemplifies Houston’s vibrant business ecosystem but also underscores the continued resilience and innovation of energy companies within the region.
The Texas LNG project, located in the Port of Brownsville, Texas, is poised to become one of the lowest-emitting LNG facilities globally. By harnessing advanced technologies such as electric motor drives to power operations, the facility aims to drastically reduce its operational CO2 emissions. With a targeted final investment decision by the end of 2025 and an anticipated completion date by November 2029, this project reflects potential for economic growth and job creation, driving forward Houston’s role in the global LNG market.
Agreement Details
The definitive agreement with Macquarie Energy strengthens the partnership between Glenfarne and Macquarie, bolstering the project’s profile and operational foundations. With global demand for LNG expected to rise, this contract further solidifies Texas LNG’s position in a competitive market.
Project Overview
The Texas LNG project aims to contribute to the energy demands both domestically and globally, with a designed capacity of 4 million tonnes per annum (MTPA). Targeting sustainability, the facility’s design prioritizes efficiency and low-emissions operations, aligning with increasing regulatory expectations and market preferences for cleaner energy sources.
Previous Agreements
Prior to this latest agreement, Texas LNG had secured a 20-year tolling agreement with EQT Corporation for 2 MTPA of LNG liquefaction services, complementing its portfolio. Additionally, the project has collaborated with Gunvor Group, which further enhances its capacity and operational readiness as it approaches critical developmental milestones.
About Glenfarne Group
As a key player in global energy infrastructure, Glenfarne Group oversees an impressive portfolio of over 60 energy assets across three core businesses, including Global LNG Solutions, Grid Stability, and Renewables. Their strategic focus on energy infrastructure positions them as leaders in promoting sustainable energy solutions.
About Macquarie Group
Macquarie Group has established itself as a significant entity within global trading and financial services, employing over 19,000 individuals across 31 markets. The organization’s extensive experience in commodities and financial markets augments its ability to provide vital services that support projects like Texas LNG.
Key Features of the Texas LNG Project
| Feature | Description |
|---|---|
| Location | Port of Brownsville, Texas |
| Design Capacity | 4 million tonnes per annum (MTPA) |
| Emission Reduction | Utilizes electric motor drives to significantly reduce operational CO2 emissions |
| Targeted Final Investment Decision | End of 2025 |
| Scheduled Construction Completion | November 2029 |
| Previous Agreements | 20-year tolling agreement with EQT Corporation for 2 MTPA of LNG liquefaction services; agreements with Gunvor Group for 0.5 MTPA of LNG |
Conclusion
The finalization of the 20-year agreement between Glenfarne’s Texas LNG project and Macquarie signifies an important step in Houston’s pursuit of energy independence and sustainability goals. As Houston continues to embrace innovation and entrepreneurial spirit, community engagement remains essential in fostering a thriving economic future. Supporting local businesses and initiatives like Texas LNG can help ensure that Houston retains its competitive edge in the growing global energy market.
Frequently Asked Questions (FAQ)
What is the Texas LNG project?
The Texas LNG project is a liquefied natural gas export facility under development in the Port of Brownsville, Texas. It aims to be one of the lowest-emitting LNG facilities globally, utilizing electric motor drives to power the facility and significantly reducing operational CO2 emissions.
Who is Macquarie Group?
Macquarie Group is a global trading and financial services group founded in 1969, employing over 19,000 people in 31 markets. Its Commodities and Global Markets division offers capital and financing, risk management, market access, and physical execution and logistics solutions across commodities, financial markets, and asset finance sectors.
What does the 20-year agreement entail?
The 20-year sales and purchase agreement between Glenfarne’s Texas LNG project and Macquarie Energy LLC involves the supply of 0.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG). This agreement converts a previous non-binding Heads of Agreement into a definitive contract, marking a significant milestone for the project.
What are the key milestones for the Texas LNG project?
The Texas LNG project is targeting a final investment decision by the end of 2025, with construction scheduled to be completed by November 2029. The project has secured agreements with EQT Corporation for 2 MTPA of LNG liquefaction services and with Gunvor Group for 0.5 MTPA of LNG, bringing it closer to its final investment decision.
What is Glenfarne Group’s role in the energy sector?
Glenfarne Group is a privately held global developer, owner, and operator of energy infrastructure assets. Through its subsidiaries, Glenfarne owns and operates over 60 energy assets across three core businesses: Global LNG Solutions, Grid Stability, and Renewables. The company’s North American LNG portfolio includes 32.8 MTPA of capacity under development in Alaska, Louisiana, and Texas.
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