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Texas LNG Developer Starts Search for Project Funders

OilPrice · Irina Slav · last updated
Glenfarne Group has started its search for companies to finance its Texas LNG project, Bloomberg has reported, citing the company. Mizuho Financial Group and Canada’s Imperial Bank of Commerce are advising it. The news follows the signing of a 20-year LNG offtake deal between Glenfarne and Australia’s Macquarie Group, announced in early December. The deal was for a modest 500,000 tons of liquefied gas annually. The Texas LNG facility will have a total annual capacity of 4 million tons of the superchilled fuel. Earlier in the year, Glenfarne…