NextDecade Corp. has executed a 20-year sales agreement with ENN LNG (Singapore) Pte. Ltd., a wholly owned subsidiary of ENN Natural Gas Co. Ltd., for 1.5 million tonnes/year (tpy) of LNG from NextDecade’s 27-million tpy Rio Grande LNG plant in Brownsville, Tex. The LNG will be indexed to Henry Hub on a free-on-board basis, supplied from Rio Grande’s first two trains.
Assuming further sales agreements and financing, NextDecade anticipates making a positive final investment decision (FID) on at least two Rio Grande trains (Phase 1, 11 million tpy) in second-half 2022, with FIDs of its remaining three trains to follow. The first train would start commercial operations as early as 2026.
NextDecade also has a 2-million tpy sales agreement in place with Shell PLC and a 1.5-million tpy agreement with Guangdong Energy Group Natural Gas (OGJ Online, Jan. 4, 2022).
