NextDecade hails Rio Grande breakthrough after luring Shell to Brent- indexed LNG

摘要

NextDecade has pushed home the message that oil indexation continues to drive global LNG pricing, after luring Shell to buy 2 mtpa from its Rio Grande LNG plant in Texas at a price indexed to Brent crude. “Nearly 80% of global LNG contracts are indexed to oil,” NextDecade said in an investor presentation released in tandem with its announcement at the LNG2019 conference in Shanghai. “To serve the entire global market, projects must offer LNG on multiple indexes.”