Texas LNG Secures Major Milestone With 20-Year Offtake Agreement From Macquarie
Glenfarne Group, a global energy and infrastructure development company, announced a significant milestone for its Texas LNG export project with the signing of a definitive 20-year Sales and Purchase Agreement (SPA) with Macquarie Energy LLC. Macquarie Energy, a subsidiary of Macquarie Group Limited — a leader in global commodities trading and financial services — has committed to offtake 0.5 million tonnes per annum (MTPA) of liquefied natural gas from the proposed Texas LNG terminal.
This newly finalized agreement transforms an earlier non-binding Heads of Agreement into a binding contractual commitment. The transition marks a decisive step forward in the commercialization of the Texas LNG project and signals growing market confidence in Glenfarne’s vision to deliver clean, flexible U.S. LNG to international buyers.
Brendan Duval, Founder and Chief Executive Officer of Glenfarne Group, emphasized the strategic relevance of the partnership:
“Our offtake agreement with Macquarie reinforces Texas LNG’s position as one of the most competitive LNG export projects in the world. Macquarie is a world-class partner, and their participation in our offtake portfolio demonstrates strong confidence in Glenfarne’s ability to deliver a reliable, low-emissions source of U.S. LNG to global markets.”
Strengthening the Global LNG Supply Chain
Macquarie Energy LLC plays a crucial role in the international energy markets by sourcing, trading, and delivering commodities to high-demand regions around the world. With its expanding LNG presence, the company is focused on connecting emerging and established markets to secure, affordable energy supplies.
Commenting on the agreement, Michael Bennett, Managing Director in Macquarie’s Commodities and Global Markets business, stated:
“This agreement with Texas LNG reflects our commitment to meeting the diverse energy needs of our clients around the world and adds to the strength of our offering in this space. LNG is a critical component of the global energy mix, providing a reliable and flexible fuel source, and we are proud to work with Glenfarne and Texas LNG to help provide energy supply to regions where demand is rapidly increasing.”
The strategic nature of this partnership highlights LNG’s continued importance as a transitional fuel. As countries move away from coal and seek to integrate more renewable energy sources, demand for low-carbon natural gas remains strong. LNG provides the reliability needed to balance power systems while supporting environmental goals — a value proposition gaining particular momentum in Asia and Europe.
Momentum Toward Final Investment Decision
With rising energy needs and LNG gaining priority in global energy policy, offtake agreements are essential to advancing large export terminals toward financing and construction. Glenfarne has already announced three prior Texas LNG offtake commitments, and the Macquarie agreement adds to the project’s commercial progress.
These cumulative volumes are bringing Texas LNG closer to its long-awaited Final Investment Decision (FID), a major step required before full-scale construction begins. The company continues to target an efficient project execution timeline that aligns with the increasing urgency for new U.S. export capacity in global markets.
Glenfarne positions Texas LNG as a cost-competitive project thanks to multiple advantages, including direct access to abundant natural gas supplies from Texas shale formations, a well-established pipeline network, and proximity to deep-water shipping lanes in the Port of Brownsville.
A “Green by Design” LNG Facility
Beyond commercial competitiveness, Glenfarne is working to differentiate the terminal through advanced emissions-reduction strategies. Texas LNG is promoted as “Green by Design,” a concept that aligns engineering choices and operational planning with lower greenhouse gas impacts.
The facility intends to significantly reduce operational CO₂ emissions compared to conventional LNG production processes. Technologies being incorporated include highly efficient electric-driven systems powered by renewable-rich Texas grid energy and optimized liquefaction processes designed to minimize methane slip and combustion-based emissions.
By prioritizing lower-carbon performance from the outset — rather than investing in mitigation after project completion — Glenfarne aims to appeal to buyers increasingly subject to environmental performance metrics and ESG-driven procurement standards.
Trusted Engineering and Construction Partnership
Texas LNG has partnered with Kiewit, a global leader in engineering, procurement, and construction (EPC) for major industrial facilities. Kiewit is currently advancing the final front-end engineering design (FEED) for the project and is contracted to take the lead on construction under a lump-sum turnkey agreement.
This contractual structure helps improve certainty around cost and execution timelines, which is essential for both project investors and long-term LNG buyers. Kiewit’s involvement also ensures the project benefits from proven LNG construction expertise and robust safety standards.
Positioning U.S. LNG for the Next Era of Global Trade
As nations strive to meet rising energy demand while reducing emissions, U.S. LNG has become increasingly competitive on the global market. Texas LNG’s scale — smaller than mega-terminals but large enough to support strong economies — aims to capture a niche for flexible, tailored delivery arrangements that buyers increasingly seek.
Glenfarne Group views LNG as a core component of its broader energy strategy, which also includes investment in renewable power and energy transition infrastructure. The company continues to emphasize that natural gas-based LNG, when responsibly produced, supports energy security, grid reliability, and climate transition in both developed and emerging economies.
With the Macquarie deal now in place, momentum for Texas LNG’s advancement is stronger than ever. Additional offtake announcements are expected as Glenfarne aims to fully subscribe export capacity ahead of FID. Construction could begin as soon as commercial terms and necessary permits are finalized, placing Texas LNG in a position to deliver first cargoes later in the decade.
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