April 07, 2026 [Storage Terminals Magazine]- Glenfarne Group, LLC announced the further expansion of its global LNG commodities platform, Glenfarne Global Commodities, LLC (“GGC”), to include 1.5 MTPA of LNG from Texas LNG, as well as Alaska LNG offtake volumes to be determined when customer allocations are finalised in the coming weeks. The expansion provides GGC and Glenfarne’s LNG projects with commercial flexibility and optionality that benefit from an LNG portfolio serving both the Atlantic and Pacific basins.

The addition of these volumes to GGC’s marketing portfolio reflects Glenfarne’s conviction that the global LNG market will continue to be supported by compelling long-term fundamentals, driven by the growth of LNG as a vital fuel for power generation, industries, and data centres, as well as ongoing geopolitical tensions.

GGC was formed to further develop Glenfarne’s global LNG capabilities, including LNG trading and import into markets the company serves directly or through subsidiaries. One of Glenfarne’s subsidiaries has established itself as one of Colombia’s largest importers of LNG, having imported more than 50 cargos over the last two years while providing a robust commercial offering to domestic natural gas users.

Brendan Duval, Chief Executive Officer and Founder of Glenfarne Group, noted that in a global market increasingly shaped by volatility and rapidly shifting demand, the ability to actively manage and target supply represents a competitive advantage. He added that the expansion of Glenfarne Global Commodities builds on the company’s broader portfolio across LNG, power generation, renewables, and grid stability, giving Glenfarne the flexibility to serve demand changes across regions and partners through a fully integrated platform.

GGC has entered into a long-term offtake arrangement with Texas LNG for 1.5 MTPA of offtake capacity to serve Atlantic markets. Glenfarne also anticipates adding offtake from Alaska LNG to GGC’s supply portfolio when Alaska LNG becomes operational in 2031.

GGC’s offtake obligations under the long-term arrangement with Texas LNG will be underpinned by investment grade fundamentals supporting project finance underwriting. The increase in GGC’s capacity was accommodated through an agreement with EQT to amend its long-term offtake from Texas LNG to 0.5 MTPA.

Texas LNG continues to advance toward a targeted second-quarter final investment decision. Glenfarne has received letters from an initial bank group with more than $10 billion in underwriting capacity, nearly double the project’s requirements — a development that reinforces the high-quality project financing aspects of Texas LNG in the bank syndication market. Project financing is being led by financial advisors CIBC and Mizuho.

Glenfarne has also executed a lump-sum turnkey engineering, procurement, and construction agreement with Kiewit for Texas LNG and will utilise Kiewit Offshore Services (“KOS”) in Ingleside, Texas to fabricate the project’s liquefaction, pretreatment, and pipe rack modules. Glenfarne selected the KOS facility over traditional modular construction yards in China and Southeast Asia, representing a significant investment in skilled U.S. and Texas labour while also reducing project risk.