Follows completion of required permitting and execution of offtake arrangements

NEW YORK & BROWNSVILLE, Texas, March 14, 2024–(BUSINESS WIRE)–Texas LNG, a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, and a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), a global energy transition leader providing critical solutions to lower the worldÔÇÖs carbon footprint, has received sufficient expressions of interest from leading project finance banks to move to the execution phase of project financing. Glenfarne has also appointed Latham & Watkins as BorrowerÔÇÖs counsel and Milbank as LendersÔÇÖ counsel for the issuance.

These lenders have been key supporters of Glenfarne, having led over $4 billion of financing to GlenfarneÔÇÖs businesses over the last 10 years, supporting the acquisition and/or construction of various energy transition focused assets. Furthermore, these banks are active in LNG, having participated in approximately $44 billion of project finance debt to the U.S. LNG sector alone over the last 24 months.

“Texas LNGÔÇÖs financing consortium will be comprised of the worldÔÇÖs leading institutions that recognize the attributes of the project and GlenfarneÔÇÖs excellent history of building energy transition infrastructure,” said Brendan Duval, CEO and Founder of Glenfarne Energy Transition.

TodayÔÇÖs news follows Texas LNGÔÇÖs recent announcement that it signed a Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services for 0.5 MTPA of LNG. Texas LNG also recently announced partnerships with Baker Hughes and ABB to help develop the terminal, representing more than half a billion dollarsÔÇÖ worth of equipment selections for Texas LNG to date.

The first LNG exports from Texas LNG are expected to be shipped in 2028.

How AI legalese decoder Can Help: The AI legalese decoder can be a valuable tool for Texas LNG in navigating the complex legal jargon and documentation involved in project financing agreements. It can assist in decoding and analyzing legal language, ensuring that Texas LNG fully understands the terms and conditions of the financing agreements. By utilizing AI technology, Texas LNG can streamline the process of reviewing and negotiating contracts, ultimately saving time and ensuring compliance with legal requirements. In addition, the AI legalese decoder can provide insights and recommendations to help Texas LNG make informed decisions regarding the financing of its LNG export facility.

About Texas LNG

Texas LNG is a 4 MTPA 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 greenest LNG facilities in the world through electric motor drives resulting in the cleanest, lowest emitting LNG exports from the U.S. Additional information about Texas LNG may be found on its website at www.texaslng.com.

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About Glenfarne Energy Transition

Glenfarne Energy Transition, LLC is a subsidiary of Glenfarne Group, LLC, a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Barcelona, Spain; and Seoul, South Korea. Glenfarne Energy Transition aims to address the “here and now” global energy transition through three core businesses: Global LNG Solutions, Renewables, and Grid Stability. The companyÔÇÖs 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.GlenfarneEnergyTransition.com

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