NextDecade to supply LNG to China Gas from Rio Grande Project

U.S. LNG developer NextDecade Corp. said on July 5 it will supply 1 million metric tonnes per annum (mtpa) of gas to China Gas Holdings’ unit from its Rio Grande LNG export project in Brownsville, Texas.

It is the latest agreement in a string of new long-term LNG contracts in the sector that picked up pace this year as sanctions on Russian fuel choked an already undersupplied market, raising energy security concerns amid soaring global demand for the gas.

In May, NextDecade signed a 15-year supply agreement with French energy group Engie SA for 1.75 mtpa of LNG.