Glenfarne's Texas LNG Project Fully Subscribed With RWE Binding Offtake Agreement [Yahoo! Finance]
RWE AG ORD S/ADR (RWEOY)
NASDAQ:AMEX Investor Relations:
rwe.com/web/cms/en/105818/rwe/investor-relations
Company Research
Source: Yahoo! Finance
Sales and Purchase Agreement with RWE Supply & Trading, one of Europe's leading energy companies, for the supply of one million tonnes per year (MTPA) of Liquefied Natural Gas (LNG). This corresponds to approximately 13 cargoes of LNG and 1.4 billion cubic meters (BCM) per year of natural gas respectively. Deliveries can be shipped by RWE to locations in Europe and worldwide. Glenfarne has now finalized conversion of all of Texas LNG's previously announced Heads of Agreements to fully binding long-term definitive offtake agreements. "We welcome RWE, one of the world's most versatile energy companies, as an offtake partner for Texas LNG and look forward to helping them fulfill the needs of their customers with clean, competitive energy," said Vlad Bluzer, Partner at Glenfarne Group, LLC and Co-President Texas LNG. "With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026
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