NextDecade Executes LNG SPA with Galp; Increases Existing LNG SPA with ENN

摘要

Houston-NextDecade has entered into a sales and purchase agreement (SPA) with Galp Trading for the long-time supply of liquefied natural gas (LNG) from NextDecade's Rio Grande LNG (RGLNG) export project in Brownsville, Texas (PCN, 9 May 2022, p 3). Under the 20-year SPA, Galp will purchase 1-million t/y of LNG indexed to Henry Hub on a free-on-board basis. The RGLNG project is planned to include five trains with a total capacity of 27-million t/y of LNG. NextDecade is currently targeting a positive final investment decision (FID) on the first three trains of the RGLNG export project during the first quarter of this year, with FIDs of its remaining trains to follow.