NextDecade to supply LNG to China Gas from Rio Grande Project

NextDecade’s 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.

Reuters

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.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access