“Texas LNG is currently in the financing process, which is well advanced with noted banks, CIBC and Mizuho, serving as advisors,” Tim Fitzpatrick, Glenfarne’s communications director, told LNG Prime in emailed comments.
“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.
The firm previously expected to take FID by the end of 2025.
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.
The agreement converted a previous non-binding heads of agreement Texas LNG signed with the unit of the trading and financial services group into a binding definitive agreement.
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.
Glenfarne also secured more time last year from the US FERC to build and place in service its Texas LNG export project.
Texas LNG was granted a five-year extension of time to November 22, 2029.
Kiewit is leading the engineering, procurement, and construction of Texas LNG under a lump-sum turnkey structure.
