Glenfarne Global Commodities Expands LNG Portfolio with Texas, Alaska Volumes

Glenfarne Group expanded its international LNG commodities platform, Glenfarne Global Commodities (GGC), to include 1.5 MTPA of LNG from Texas LNG, alongside Alaska LNG offtake volumes to be determined once customer allocations are finalized in the coming weeks. This expansion provides GGC and Glenfarne’s LNG projects with commercial flexibility and optionality that benefit from an LNG portfolio serving the Atlantic and Pacific basins.

“In a global market increasingly shaped by volatility and rapidly shifting demand, the ability to actively manage and target supply is a competitive advantage,” said Brendan Duval, Chief Executive Officer and Founder of Glenfarne Group. “The expansion of Glenfarne Global Commodities builds on our broader portfolio across LNG, power generation, renewables, and grid stability, giving us the flexibility to serve demand changes across regions and partners with a fully integrated platform.”

GGC signed a long-term offtake arrangement with Texas LNG for 1.5 MTPA of offtake capacity to serve Atlantic markets, while offtake from Alaska LNG may be added once the project becomes operational in 2031. The company’s offtake obligations under the long-term arrangement with Texas LNG will be underpinned by investment-grade fundamentals supporting project finance underwriting. The increase in GGC’s capacity was accommodated through an agreement with EQT to amend its long-term offtake from Texas LNG to 0.5 MTPA.

Additionally, Glenfarne executed a lump-sum turnkey engineering, procurement, and construction agreement with Kiewit for Texas LNG and will leverage Kiewit Offshore Services (KOS) in Ingleside, TX, to fabricate liquefaction, pretreatment, and pipe rack modules. Compared to traditional modular construction yards in China and Southeast Asia, the KOS facility represents a significant investment in skilled U.S. and Texas labor and reducing project risk.

GGC was established to develop global LNG capabilities, including LNG trading and import into markets directly or indirectly served by Glenfarne. The company’s subsidiary is among Colombia’s top LNG importers, delivering over 50 cargoes across the last two years while providing a commercial offering to domestic natural gas users.

Brownsville Project

In January 2026, Texas LNG Brownsville signed a definitive 20-year sales and purchase agreement with RWE Supply & Trading for the supply of 1 MTPA of LNG. The agreement covers approximately 13 LNG cargoes annually, equivalent to about 1.4 billion cubic meters of natural gas per year. RWE will have the flexibility to ship cargoes to destinations in Europe and other global markets.

The Texas LNG project is designed to use electric drive motors for LNG production; a configuration that positions the facility among the lowest-emitting LNG terminals globally. The agreement with RWE also establishes a framework to monitor, report, and verify greenhouse gas emissions from the wellhead through LNG loading, supporting emissions reduction efforts across the LNG value chain.

Glenfarne has now converted all previously announced heads of agreement related to the Texas LNG project into fully binding, long-term offtake contracts, marking a key milestone for the development. Kiewit is serving as the engineering, procurement, and construction contractor for the Texas LNG project under a lump-sum turnkey contract.