Texas LNG moves towards the execution phase of project financing


Texas LNG, a proposed four million tonnes per annum liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, has received expressions of interest from project finance banks to move to the execution phase of project financing.

Glenfarne Energy Transition is the majority owner and managing member of Texas LNG and has also appointed Latham & Watkins as borrower’s counsel and Milbank as lenders’ council for the issuance.

Brendan Dubal, CEO and founder of Glenfarne Energy Transition, said, “Texas LNG’s financing consortium will be comprised of leading institutions that recognise the attributes of the project and Glenfarne’s history of building energy transition infrastructure.”

To date, the lenders have led over $4bn in financing for Glenfarne’s businesses over the last 10 years, supporting the acquisition and/or construction of various energy transition-focused assets.

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