Glenfarne Energy Transition LLC has placed a quarter of its Texas LNG export project under tentative contracts after the latest agreement with a unit of Gunvor Group Ltd.

Under the heads of agreement (HOA) disclosed Monday, Gunvor could take 0.5 million metric tons/year (mmty) of liquefied natural gas from Texas LNG for 20 years on a free-on-board basis.

“With the previously announced commencement of the execution phase of the project financing process, this agreement aligns with our plan to take a final investment decision on Texas LNG this year,” Co-President Vlad Bluzer said.

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