NextDecade Corp. said it has reached a 20-year LNG sale and purchase agreement with a subsidiary of Aramco for offtake from Train 4 at the Rio Grande LNG Facility. (Source: Shutterstock)
NextDecade Corp. said it has reached a 20-year LNG sale and purchase agreement with a subsidiary of Aramco for offtake from Train 4 at the Rio Grande LNG Facility.
The Aramco subsidiary will purchase 1.2 million tonnes per annum of LNG for 20 years on a free-on-board basis, at a price indexed to Henry Hub, subject to a positive final investment decision (FID) on Train 4. NextDecade said the FID will depend on reaching other commercial agreements and obtaining adequate financing.
Rio Grande LNG is under construction in Brownsville. The company announced plans in February to build eight LNG trains at the site.
Recommended Reading
Volatility to Slow Upstream M&A After $17B in Q1 Dealmaking—Enverus
2025-04-23 - Upstream deal markets are heading into territory reminiscent of the conditions seen in the first half of 2020, said Andrew Dittmar, Enverus’ principal M&A analyst.
‘Golden Age’ of NatGas Comes into Focus as Energy Market Landscape Shifts
2025-03-31 - As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.
Lone Star State of Mind: Rockcliff Energy III Sets Sights on Texas Shale Assets
2025-03-05 - Rockcliff Energy III Executive Chairman Alan Smith and CEO Sheldon Burleson have their Quantum Capital-backed company’s Texas-sized ambition focused on the western Haynesville and the Eagle Ford.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2025-05-16 - Drillers in the Permian Basin drillers cut three rigs, bringing the total down to 282, the lowest since November 2021.
New E&P South Wind to Pursue Large-Scale M&A with PE Backing
2025-04-30 - After selling Fayetteville gas producer Flywheel Energy last year, the team is launching South Wind Exploration & Production with Kayne Anderson financing.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.