Glenfarne Expands LNG Portfolio with Texas and Alaska Offtake Agreements
Glenfarne Global Commodities expands its LNG platform with 1.5 MTPA from Texas LNG and future Alaska LNG allocations. This strategic move enhances GGC's flexibility and positions it to meet rising global LNG demand amid ongoing geopolitical tensions.
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Glenfarne Group, LLC is expanding its global LNG platform, Glenfarne Global Commodities, LLC, by adding 1.5 MTPA from Texas LNG and future volumes from Alaska LNG. This expansion aims to enhance GGC's commercial flexibility across Atlantic and Pacific basins, supporting long-term growth in LNG as a critical energy source.
A long-term offtake agreement has been established with Texas LNG, while Alaska LNG is expected to contribute to GGC's portfolio when operational in 2031. The ongoing development of Texas LNG is supported by over $10 billion in bank underwriting capacity, with project financing being managed by CIBC and Mizuho. The choice of Kiewit Offshore Services for construction reflects a commitment to U.S. labor and reduced project risk.
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