Glenfarne’s Texas LNG fully subscribed with 20-yr RWE offtake deal
Glenfarne Group has fully subscribed capacity at its Texas LNG export project after signing a binding 20-yr LNG offtake agreement with RWE Supply & Trading.
Under the agreement, RWE will purchase 1 million tons per year (MMtpy) of LNG from the Texas LNG Brownsville project, equivalent to about 13 LNG cargoes annually and roughly 1.4 billion cubic meters of natural gas per year. Cargoes may be delivered to Europe or other global markets.
The deal converts one of Texas LNG’s previously announced heads of agreement into a fully binding, long-term sales and purchase agreement, completing Glenfarne’s offtake program for the project.
“We welcome RWE, one of the world’s most versatile energy companies, as an offtake partner for Texas LNG and look forward to helping them fulfill the needs of their customers with clean, competitive energy,” said Vlad Bluzer, partner at Glenfarne Group and co-president of Texas LNG. “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.”
RWE said the agreement strengthens its global LNG supply portfolio and supports European energy security.
“I am pleased to welcome Glenfarne as a strong partner in our LNG supply. This partnership strengthens our international LNG portfolio and supports Europe’s security of supply,” said Jacob Meins, chief commercial officer origination at RWE Supply & Trading.
Texas LNG is designed to use electric drive motors for LNG production, a configuration Glenfarne says will make the terminal among the lowest-emitting LNG export facilities globally. The RWE agreement includes provisions to monitor, report and verify greenhouse gas emissions from the wellhead through LNG loading.
Kiewit is serving as the project’s engineering, procurement and construction contractor under a lump-sum turnkey structure.
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