NextDecade ups US LNG trade with China
BROWNSVILLE, December 29, 2022 – NextDecade Corporation has increased the volume of its LNG sales agreement with China’s ENN Natural Gas Company by 33.3% from its Rio Grande facility in Texas, the US LNG asset operator announced on Tuesday.
Under the revised deal, Singaporean subsidiary ENN LNG will purchase 2 million tonnes per year of LNG from the project, an increase of 500,000 tonnes per year from the deal signed this year.
The LNG will be supplied by the Rio Grande LNG export project’s first three trains on a free-on-board basis.
The Rio Grande project is expected to complete its FID on the first three trains in Q1 2023.
Rio Grande LNG’s first train is expected to come on line as early as 2026.
Upon completion, the Rio Grande project will have a capacity to export 27 million tonnes of LNG per year. The project will reduce its carbon emissions by 90% through carbon capture and storage. It is the largest privately funded infrastructure project in Texas and will be located in Brownsville.
Financial details of the contract were not disclosed.