Under the deal, Texas LNG will supply one million tonnes per year (mtpa) of LNG to RWE Supply & Trading.
According to Glenfarne, this corresponds to approximately 13 cargoes of LNG and 1.4 billion cubic meters (BCM) per year of natural gas, respectively.
Deliveries can be shipped by RWE to locations in Europe and worldwide, Glenfarne said.
Glenfarne noted it has now finalized conversion of all of Texas LNG’s previously announced heads of agreements to fully binding long-term definitive offtake agreements.
“With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026,” said Vlad Bluzer, partner at Glenfarne and co-president Texas LNG.
Tim Fitzpatrick, Glenfarne’s communications director, recently told LNG Prime that “Texas LNG is currently in the financing process, which is well advanced with noted banks, CIBC and Mizuho, serving as advisors.”
“Glenfarne has recently concluded several definitive offtake agreements for Texas LNG and we expect to make additional project announcements in the weeks ahead as we continue to make positive progress toward a final investment decision targeted for the first quarter,” Fitzpatrick said.
Last month, Texas LNG signed a 20-year sales and purchase deal with a unit of Macquarie.
Under the SPA, Macquarie Energy will buy 0.5 mtpa of LNG for 20 years from Texas LNG.
In September 2025, while announcing a 20-year SPA with a unit of Geneva-based trader Gunvor, Texas LNG said it was in the process of converting HOAs with Macquarie and another “highly experienced, investment-grade global LNG player” into definitive agreements.
