Romania's state-controlled gas transmission operator, Transgaz has signed a memorandum of understanding (MoU) with US-based developer Argent LNG to explore a potential equity investment in the development of its LNG export terminal in Port Fourchon, Louisiana.
Argent LNG is developing an export terminal at Port Fourchon with a planned capacity of 25 mill tonnes per year. The project is expected to deliver its first commercial cargo in 2030.
The non-binding agreement, signed at Transgaz's headquarters in Bucharest, establishes a framework for negotiations on a possible stake in Argent LNG alongside other US investors.
According to the companies, this initiative would allow Transgaz to strengthen its long-term access to US LNG supplies, while participating directly in the development of a large North American LNG export facility.
As well as securing LNG supplies, the MoU envisages using Romania's gas transmission network as a regional transit corridor for US LNG destined for the Republic of Moldova, Ukraine and other Central and Eastern European countries, including Hungary, Austria, the Czech Republic, Slovakia and Germany.
