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Latham & Watkins Advises Glenfarne Energy Transition in LNG Tolling Agreement
July 23, 2024
Firm advises on the agreement that will help bring low-emission natural gas to transitioning and emerging markets.
Texas LNG Brownsville LLC (Texas LNG), a four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC, and EQT Corporation (EQT) have executed a definitive 20-year tolling agreement for natural gas liquefaction services for 2 MTPA of LNG. The agreement solidifies the two Heads of Agreement signed by Texas LNG and EQT earlier this year.
Latham & Watkins LLP represents Glenfarne Energy Transition in the transaction with a team led by Houston partner Chris Peponis and associate Taylor López, with assistance from associate Siyao Liu. Additional advice was provided by New York partner Hamad Al-Hoshan.