Glenfarne Global Commodities (GGC), the LNG marketing and trading arm of Glenfarne Group, has signed a Heads of Agreement (HOA) with global energy and commodities trading company BGN for the long-term supply of one million tonnes per annum (MTPA) of liquefied natural gas (LNG). The agreement marks another step in Glenfarne’s strategy to strengthen its global LNG portfolio and expand its presence in international energy markets.
Under the agreement, the two companies will negotiate a definitive 20-year LNG Sale and Purchase Agreement (SPA) covering LNG supplies from the Texas LNG export project located in Brownsville, Texas. The final contract will be subject to the completion of commercial negotiations and execution of the definitive agreement.
The proposed supply arrangement is expected to support growing global demand for reliable and diversified LNG while strengthening the commercial relationship between the two companies. The partnership also reflects increasing interest in securing long-term energy supplies as countries continue to diversify their fuel sources and enhance energy security.
Brendan Duval, Chief Executive Officer and Founder of Glenfarne Group, said the agreement represents an important milestone in the growth of Glenfarne Global Commodities. He noted that combining LNG production assets with an integrated trading and marketing platform enables the company to deliver flexible and dependable energy solutions to customers across global markets. He added that Glenfarne looks forward to building a long-term partnership with BGN as it expands its international LNG business.
BGN, one of the world’s leading independent energy and commodities trading groups, operates in more than 120 countries and is active across the entire energy value chain, including LNG, liquefied petroleum gas (LPG), crude oil, refined fuels, biofuels and sustainable aviation fuel (SAF). The agreement supports BGN’s strategy to expand its LNG portfolio and strengthen access to dependable long-term supplies.
Glenfarne Global Commodities was established to strengthen the group’s LNG marketing, trading and portfolio management activities. Along with the Texas LNG project, Glenfarne is advancing the Alaska LNG development, expanding its North American LNG platform. Together, these projects are expected to position the company to serve customers across both the Atlantic and Pacific markets with long-term LNG solutions while supporting global energy security and the transition to cleaner fuels.
