Glenfarne Energy Transition has signed a non-binding Heads of Agreement (HoA) with for a 20-year free-on-board (FOB) offtake deal for LNG with global energy commodities trader Gunvor Group from Glenfarne’s planned Texas LNG project in Brownsville, Texas. The sale and purchase agreement is for 0.5 million tons per annum (Mpta), or 66 MMcf/d, of LNG from the plant with a planned capacity of 4 million tons per annum, or about 530 MMcf/d. Just last month Glenfarne reached an HoA with EQT Corp for 0.5 Mtpa of liquefaction services for a 15-year term.
Featured Articles
- Blog
How Do You Like Me Now? - Who Are the Winners and Losers With Biden's LNG Permitting Pause?
The Biden administration’s recently announced decision to pause further action on new LNG export permits for at least several months sent shockwaves through the industry and shook up expectations regarding which projects will be hurt by — or benefit from — the pause. As we’ll discuss in today’s RBN blog, the decision is likely to put a number of Gulf Coast LNG export projects (one of them a real giant) in limbo, set back a Mexican project that would depend on Permian and Eagle Ford gas, and boost a couple of projects up in Canada. Oh, and there’s this: The pause also may help two avowed enemies of the U.S.: Russia and Iran.
- Blog
Catch A Wave, Part 2 - More U.S. LNG Export Projects Moving Toward FID
2019 is slated to be a watershed year for U.S. LNG export projects vying to catch the second wave — the first wave being the slew of liquefaction trains already operational or in the process of being commissioned or constructed. As expected, regulatory and commercial activity has heated up around the two dozen or so longer-term proposals to add liquefaction capacity along the U.S. coastlines over the next decade. Last week, the Federal Energy Regulatory Commission (FERC) approved two of those projects — Tellurian’s Driftwood LNG and Sempra’s Port Arthur LNG — and several others, including Driftwood and NextDecade’s Rio Grande LNG, also have made progress on the commercial front. Many of these projects are targeting a final investment decision (FID) this year. Today, we continue a series highlighting the second-wave projects’ latest developments.
- Blog
When the Going Gets Tough, Part 2 - The Halting Progress of U.S. LNG Export Projects
There’s a tough race underway among U.S. LNG developers jockeying for position in the global LNG market. U.S. supply growth has spurred the development of more than two dozen LNG export projects, the bulk of them along the Texas/Louisiana Gulf Coast. But regulatory bottlenecks and deepening oversupply conditions in international markets are creating strong headwinds and slowing the momentum for some of these massive projects, making it harder and harder for them to reach the regulatory and commercial milestones they need to pass before they can progress to the construction phase. That said, several projects have eked out big wins in recent weeks, including Tellurian’s $7.5 billion memorandum of understanding with India’s Petronet LNG Ltd for its Driftwood LNG project, signed just this past weekend, and LNG Ltd.’s 2-MMtpa sales and purchase agreement for its Magnolia LNG, inked early last week. Today, we provide highlights of recent regulatory and commercial developments that are pacing the proposed export capacity additions.
