Texas LNG Brownsville LLC, a subsidiary of Glenfarne Group, announced the assembly of an initial bank group to underwrite a $5.7 billion debt financing package for the construction of its 4 million tonnes per annum LNG export terminal at the Port of Brownsville.1 The financing includes a senior construction facility and revolving working capital facility, with Initial Coordinating Lead Arrangers committing $750 million each and interest exceeding $10 billion reported for syndication following final investment decision.
Vlad Bluzer, co-president of Texas LNG, stated,
"Strong support from the capital markets along with the recently completed offtake process advances Texas LNG toward a positive FID in early 2026 and toward the delivery of a dependable new source of U.S. LNG supply beginning around 2030."1
The project has secured offtake agreements with EQT, RWE, Gunvor, and Macquarie.
This development positions the terminal as a potential second LNG export facility at the port, with expectations of generating 4,000 to 5,000 jobs during construction.2 Gilberto Salinas, president and CEO of the Greater Brownsville Economic Development Council, noted,
"So, everything is moving in the direction that they’ll be breaking ground in 2026."2
Recent legal hurdles were cleared earlier when the Fifth Circuit upheld permit extensions, removing barriers to construction.3 Looking ahead, a final investment decision is slated for early 2026, paving the way for groundbreaking and subsequent professional opportunities in engineering, construction management, and operations.