Exxon Mobil Signs LNG Supply Deal from NextDecade's Rio Grande Project

Exxon Mobil's supply of NextDecade LNG will come from the first two trains of the company's anticipated Rio Grande LNG export facility.

Hart Energy Staff

Exxon Mobil LNG Asia Pacific signed a 20-year sale and purchase agreement (SPA) with NextDecade Corp. to purchase 1 million metric tonnes per annum of LNG from the Rio Grande LNG export project, according to a press release on July 27.

Located in Brownsville, Texas, NextDecade's Rio Grande project will deliver the LNG supply from the first two trains when the project commences commercial operations as early as 2026.

The company has yet to make a final investment decision on up to three trains from the project but anticipates a decision in the second half of 2022, with future final investment decision for its remaining LNG trains following.

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