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🇺🇸 💰 Glenfarne’s Texas LNG Sells Over Half of Offtake with an Additional LNG Tolling Agreement with EQT Texas LNG, a 4.0 MTPA liquefied natural gas export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC, has signed a second Heads of Agreement with EQT Corporation for natural gas liquefaction services for an additional 1.5 MTPA of LNG over 20 years. This transaction expands Texas LNG’s total HOA volume with EQT to 2 MTPA. Final terms remain subject to the negotiation of a definitive 20-year LNG tolling agreement. With this transaction and Texas LNG’s recently announced offtake agreement with Gunvor, only 1.5 MTPA of additional offtake is pending public announcement to reach Texas LNG’s fully permitted capacity. #LNG #USLNG #TexasLNG #EQT

Shell acquires Pavilion Energy in strategic move in global LNG market #Shell #PavilionEnergy #LNG #ShellAcquiresPavilion #LNGMarket #EnergyTransition #businessnews

Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a second Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services for an additional 1.5 MTPA of LNG over 20 years. This transaction expands Texas LNG’s total HOA volume with EQT to 2 MTPA. Final terms remain subject to the negotiation of a definitive 20-year LNG tolling agreement. With this transaction and Texas LNG’s recently announced offtake agreement with Gunvor, only 1.5 MTPA of additional offtake is pending public announcement to reach Texas LNG’s fully permitted capacity. https://lnkd.in/g46Tpcvf

Australia’s Woodside Energy aims to be one of the world’s biggest LNG producers, and it’s taking a bet that it can develop the troubled Driftwood project in Louisiana by buying Tellurian. It’s also a bet that LNG survives well into the energy transition. #LNG #natgas #naturalgas #energy #commodities #energytransition

This is another strong endorsement of the long-term importance of LNG from our Australian-headquartered member company Woodside Energy. As part of the deal, Woodside will significantly expand its US presence by acquiring Tellurian Inc., including the planned Driftwood LNG export facility in Louisiana. Woodside is looking to progress FID on Phase 1 of the fully-permitted Driftwood. --- 💡 We are the voice of the gas industry in Asia 📖 Follow us for insights, data and policy on the pathway to a reliable, low-carbon energy future #lng #naturalgas #uslng #energytransition #energysecurity

NORTH AMERICA LNG PROJECT COST COMPETITIVENESS– See How Canada Stacks Up https://hubs.la/Q02vNhn10 Worldwide concerns about energy security have put a renewed focus on the international liquefied natural gas (LNG) industry. The global demand for LNG is expected to increase over the next few decades. #lng #naturalgas #energyindustry #lngindustry #globaldemand #demand #energynews

Fancy a bit of #TravelTuesday? Well, you’re in luck!   This Tuesday, we’re travelling to Texas.   Here, Texas LNG Brownsville LLC, a four million tpy LNG export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC, has signed a Heads of Agreement (HOA) with EQTCorporation for natural gas liquefaction services.    The HOA anticipates the finalisation of a definitive 15-year LNG tolling agreement for 0.5 million tpy of LNG from the first train of Texas LNG.   Click here to read the rest of this press release: https://bit.ly/48vPx6m   To read more on related case studies and for all things LNG, make sure to register for your FREE trial of LNG Industry here: https://bit.ly/3p3QotC   #traveltuesday #LNG #energy #power #Texas #naturalgas #emissionreduction

Mercuria Energy Group Ltd. has invested in Black Bayou Energy Hub LLC — an early-stage gas storage facility in Louisiana — as the Geneva-based commodity trading house looks to build on its position in the gas industry. The investment in an undisclosed capacity of gas storage in Louisiana comes as the next wave of liquefied natural gas export facilities comes online from the US, which was the largest super-chilled fuel exporter in 2023. Five new LNG projects or expansions are currently underway in Texas and Louisiana, with more planned. Mercuria has brought in a team of industry veterans in the past year and a half to grow its already large natural gas and power businesses and to start trading physical LNG. Nick O’Kane, who helped build Macquarie’s commodities division into a major player in natural gas, particularly in the US, started last month at the firm. Mercuria has also brought in dealmaker Robert Lawson from BP Plc and Shell’s Steve Hill to lead LNG. Story w/ Ruth Liao https://lnkd.in/eD8T93BW

📌 Australian energy company Woodside Energy has announced its intention to acquire Tellurian and its Driftwood liquefied natural gas (LNG) development project in the southern United States for approximately $900 million. This strategic move reinforces Woodside's commitment to the US market, where it already owns the majority of the Shenzi oil and gas field and plans to invest $5 billion in new energy projects by 2030, including a hydrogen project in Oklahoma. The purchase of Tellurian, supported by the directors of the target company, allows Woodside to position itself more strongly in the Atlantic and Pacific basins, optimizing its global marketing capacity. This acquisition is a reflection of Woodside's appetite to join the wave of consolidations in the energy sector, as Chevron and Exxon Mobil have done with their recent acquisitions. Demand for natural gas, considered by many investors to be a key transition fuel to cleaner energy, continues to rise. According to the International Energy Agency, the LNG market will remain fragile in the near term, although a significant increase in liquefaction capacity is expected by 2030. The US LNG industry has faced regulatory challenges, such as the suspension of permits by the government of Biden, although this measure was later blocked by a federal judge. Tellurian's plans to build five LNG processing units in four phases, with the capacity to produce up to 27.6 million metric tons of LNG annually, present a significant opportunity for Woodside. The company expects to make a final investment decision on the first phase of the Driftwood LNG project in the first quarter of 2025. This acquisition not only expands Woodside's presence in the LNG market, but also strengthens its relationship with Bechtel, a key contractor on its projects in both the United States and Australia. Together, these strategic moves underline Woodside's ambition to lead in the global energy transition and capture new opportunities in the dynamic LNG market. #LNG #Energy #Industry

This article discusses: Texas LNG has entered into an agreement with EQT, which is expected to be finalized into a definitive 15-year tolling contract. This deal involves the annual supply of 0.5 million tons of Liquefied Natural Gas (LNG). This development underlines the operational direction and growth strategy of both companies in the energy sector (#TexasLNG #EQT #EnergySector). How will this long-term tolling agreement impact the overall annual production and financial performance of Texas LNG and EQT? https://lnkd.in/gbrdeJtZ https://lnkd.in/gvqgAgni ---------------------------------- Go Rogue and focus on the WHY on Energy Markets…. Rogue Edge® Members already know…. Sign up here: https://lnkd.in/gvPx5WDr About Energy Rogue: https://energyrogue.com/ Energy Rogue® provides a state of the art fundamental and technical analytics platform for the energy industry focused on Oil, Natural Gas, Power and Natural Gas Liquids. Risk ---------------------------------- If you want to learn more: 1. drop us a line at [email protected] 2. join Rogue Edge TODAY: https://lnkd.in/gvPx5WDr Disclaimer - The summary and image provided here are generated using artificial intelligence (AI) based on the content of the original article.