Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Hazloc Heaters
Hazloc Heaters
Copper Tip Energy


Texas LNG Executes 20-Year Binding Tolling Agreement With EQT


These translations are done via Google Translate

This agreement follows two Heads of Agreement signed by Texas LNG and EQT earlier this year.

Tolling agreements are fee-for-service deals in which the gas provider pays the company to convert gas to LNG, which it then sells to its customers.

“Glenfarne’s partnership with EQT will bring low-emission natural gas to transitioning and emerging markets, powering the globe’s phase out of legacy, carbon-intensive fuels,” Glenfarne CEO Brendan Duval said.

Texas LNG has secured offtake agreements for most of its project’s remaining offtake, the company said, adding, “this includes a signed agreement with a top-tier, credit-rated market participant for 0.5 MTPA announced earlier this month.”

ROO.AI Oil and Gas Field Service Software
GLJ
Tarco | Delivering Engineered Solutions

In May, Glenfarne asked federal energy regulators to give it until November 2029 to put its proposed Texas LNG export plant into service.

The Texas LNG export plant, to be constructed in the Port of Brownsville, Texas, will have a capacity of 4 MTPA of LNG. It is expected to begin construction in 2024 and commence commercial operations in 2028.

(Reporting by Anmol Choubey in Bengaluru Editing by Chris Reese)



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE