NextDecade Corp. has executed a 20-year agreement to supply ExxonMobil LNG Asia Pacific (EMLAP), an ExxonMobil affiliate, with liquefied natural gas (LNG) from the Rio Grande LNG export project in Brownsville, Tex.
EMLAP will purchase 1.0 million metric tonnes/year of LNG. The LNG will be supplied from the first two trains of Rio Grande LNG, with the first train expected to start commercial operations as early as 2026.
Based on current expected demand for LNG and assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision (FID) on up to three trains of the Rio Grande LNG export project in second-half 2022, with FIDs of its remaining trains to follow.
