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.
The new supply deal with China Gas, the financial terms of which have not been disclosed yet, is for 20 years and LNG will be delivered from the second train at Rio Grande LNG that is expected to start commercial operations as early as 2027, NextDecade said in a statement.
The company said it expects to make final investment decisions (FID) on up to three trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining trains to follow thereafter.
2023-02-03 - Engineers from different corporations gathered during the HFTC Plenary Session to discuss different approaches to fracking, including the benefits of fiber optics and geothermal fracking.
2023-01-17 - HUVRdata and VEERUM partnered to engineer digital twin technology that contextualizes inspection data in virtual facilities and asset models.
2022-12-06 - Hyundai Heavy Industries agreed to add autonomous navigation, maintenance and detection software to ABS ships.
2022-12-09 - Technology company Plastometrex’s portable unit will speed inspection of pipeline material properties.
2023-01-19 - IoT enables geophysical workflows but also introduces vulnerability to cyber attacks.