France's Engie Executes US LNG Deal with NextDecade

NextDecade Corp. will supply French utility company Engie with LNG from its Rio Grande LNG export facility on a free-on-board basis, pre a 15-year sale and purchase agreement.

Hart Energy Staff

French utility company Engie SA executed a 15-year sale and purchase agreement with NextDecade Corp. for the supply of LNG from the energy company's Rio Grande LNG (RGLNG) export project in Brownsville, Texas, according to a press release on May 2.

Engie had previously pulled out of an LNG import deal with NextDecade in November 2020 citing government concerns about the project environmental implications. However, recent western sanctions on Russian fuel due to its invasion of Ukraine have shocked already tight global supplies.

Additionally, NextDecade has since made significant strides in addressing environmental concerns of the Rio Grande project, which now includes the development alongside the LNG export facility of one of the largest carbon capture and storage projects in North America.

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