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Texas LNG, A Glenfarne Group Company, Appoints Technip Energies – Samsung Engineering Joint Venture As Prime Contractor For The Project

HOUSTON–(BUSINESS WIRE)–Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“MTPA”) export terminal to be constructed in the Port of Brownsville, Texas , owned by the Glenfarne Group, LLC (“Glenfarne”), is pleased to announce that it has entered into an agreement with Technip Energies USA, Inc. (“Technip Energies”) and Samsung Engineering Co., Ltd (“Samsung Engineering ”) to direct the delivery of the facility via a merger.

Technip Energies, a global leader in technology and engineering, procurement, construction and project management that has provided over 20% of global LNG operating capacity, will partner with Samsung Engineering , a global engineering, procurement, construction and project management company that also owns a minority stake in Texas LNG. Under a project-fundable structure, the two companies will be responsible for all facets of the delivery of the liquefaction facility, including engineering, construction coordination, start-up and commissioning.

“We are proud to have selected such prestigious companies as Technip Energies and Samsung Engineering to build our LNG export facility in Texas,” said Glenfarne CEO and Founder Brendan Duval. “With the help of these partners, Texas LNG will be one of the cleanest LNG export facilities in the world, powered by renewable energy and providing access to a secure energy supply for economies around the world.”

“We look forward to supporting Texas LNG in its promise to deliver clean, environmentally friendly natural gas using our all-electric, emission-free SnapLNG™ design to its customers around the world,” said Loic Chapuis, SVP Gas and Low Carbon Energies, Technip Energies. “Our team of world-class LNG project engineers, working in conjunction with Samsung Engineering, will ensure the facility is capable of safely, reliably and efficiently exporting natural gas to global markets.”

“Our team is thrilled to partner with Technip Energies and leverage our combined capabilities to deliver on this important project,” said Cheonhong Park, EVP and Head of Solution Business Division of Samsung Engineering. “The combined resources of our two leading companies will be able to deliver excellence to Texas LNG and its global customers.”

“Texas LNG will be one of the greenest LNG facilities in the world thanks to its innovative “green design” strategy that uses renewable energy to power the entire liquefaction process. Additionally, Texas LNG is exploring partnerships with other like-minded companies to ensure upstream resources that come into the plant are responsibly produced,” said Vlad Bluzer, Managing Director of Glenfarne and President of the company’s LNG business.

Glenfarne, a developer, owner and operator of energy transition infrastructure, is the majority owner and managing member of Texas LNG. Texas LNG expects to make a final investment decision in 2022 and begin commercial operations in 2026. Glenfarne is also the sole owner and developer of the 8.8 MTPA Magnolia LNG in Lake Charles, Louisiana.

About Texas LNG

Texas LNG is a four MTPA modular natural gas liquefaction and export facility located in South Texas on the Port of Brownsville deepwater shipping channel with pipeline access to the vast Permian gas basins and of Eagle Ford. It is licensed by FERC and has FTA and non-FTA export clearances from DOE.

Glenfarne is the developer and majority owner of Texas LNG, and Samsung Engineering Co., Ltd. is an indirect minority shareholder and strategic partner of Texas LNG.

Additional information about the Texas LNG project can be found on its website at www.texaslng.com.

About Glenfarne Group, LLC

Glenfarne is a privately held energy and infrastructure development and management company based in New York and Houston, with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota – Colombia; Florianopolis, Brazil; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne’s experienced management team, asset managers and operators develop, acquire, manage and operate energy infrastructure in North and South America, Asia and Europe. For more information, please visit www.GlenfarneGroup.com.

About Technip Energies

Technip Energies is a leading engineering and technology company for the energy transition, with leading positions in liquefied natural gas (LNG), hydrogen and ethylene, as well as growing market positions in the blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by an extensive offering of technologies, products and services. Technip Energies is listed on Euronext Paris with American Certificates of Deposit (“ADR”) traded over-the-counter in the United States. For more information: www.technipenergies.com.

About Samsung Engineering

At Samsung Engineering, we aim to create value based on the world’s best technological competence and contribute to our customers, society and people. Samsung Engineering, one of the world’s leading EPC & PM companies, has served customers in a variety of industries such as oil refining, gas processing, petrochemical, infrastructure and environmental sector and bio- industry. Provide professional services throughout the project cycle, from professional feasibility studies to design, procurement, construction, commissioning, maintenance and operation. Samsung Engineering has completed over 1,000 projects worldwide.

To prepare environmentally responsible ESG-based businesses for the future, we have extended our value chain to operate green infrastructure, such as water treatment facilities and incinerators, and to green solutions activities for energy optimization and carbon neutrality. To preemptively respond to changes in the global energy industry and take the lead in solving global warming, we will provide optimal solutions based on our technologies and expertise. For more information, please visit: www.samsungengineering.com.

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