Glenfarne’s Texas LNG Advances With FERC Final Supplemental Environmental Report

NEW YORK & BROWNSVILLE, Texas--(BUSINESS WIRE)--The Federal Energy Regulatory Commission (FERC) yesterday issued the final supplemental environmental impact statement (FSEIS) for Texas LNG, the liquefied natural gas (LNG) export terminal being developed in the Port of Brownsville, Texas, by Texas LNG Brownsville LLC, an affiliate of Glenfarne Group, LLC (Glenfarne). The FSEIS successfully concludes FERC staff analysis of air quality and environmental justice matters raised before the United States Court of Appeals for the District of Columbia Circuit.

Glenfarne CEO and Founder Brendan Duval said, “The FERC final supplemental EIS for Texas LNG strengthens an already robust record of federal analysis and support and confirms the basis for the existing authorization for this project. Texas LNG’s ‘green by design’ strategy uses electric motor drives to power the facility, making it one of the lowest-emitting liquefaction facilities in the world. Glenfarne and Texas LNG appreciate the efforts of FERC staff for concluding their thorough review of Texas LNG’s environmental and socioeconomic considerations.”

Texas LNG’s FERC Final Order is expected in November. With the Final Order, Texas LNG’s FERC authorization will have the benefit of multiple rounds of review, analysis, and issuance by FERC, providing strong legal durability. Glenfarne reiterates previous guidance that Texas LNG is targeting a final investment decision by the end of 2025.

Texas LNG has secured customer offtake commitments from EQT Corporation, Gunvor Group, Macquarie Group, and one of Europe’s leading utilities in a volume sufficient for achieving final investment decision. Kiewit is leading the engineering, procurement, and construction of Texas LNG under a lump-sum turnkey structure.

The FSEIS is the latest milestone for Glenfarne’s federally authorized LNG portfolio, which also includes the Alaska LNG project and the Magnolia LNG project. All three LNG projects are progressing towards final investment decisions.

About Texas LNG

Texas LNG is an LNG export facility to be constructed in the Port of Brownsville, Texas and a subsidiary of global energy transition leader, Glenfarne Energy Transition, LLC. Texas LNG is led by an experienced team committed to creating one of the cleanest, lowest emitting LNG export facilities in the world through electric motor drives. Additional information about Texas LNG may be found on its website at www.texaslng.com.

About Glenfarne

Glenfarne Group is a privately held developer, owner, and operator of energy infrastructure assets based in New York, New York and Houston, Texas, with offices in Anchorage, Alaska; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Through its subsidiaries, Glenfarne owns and operates over 50 energy infrastructure assets through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. The company’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America. For more information, please visit www.glenfarne.com.