EQUINOR'S offtake agreement with Cheniere's Sabine Pass liquefied natural gas expansion project marks the second major agreement between a European major and a developing US LNG project, marking progress for US projects that have faced struggles this year in taking their final investment decisions.The new offtake agreement will improve commercial support for the Sabine Pass expansion as it works toward a final investment decision, while an offtake agreement between Total-Energies and NextDecade will similarly support the Rio Grande LNG project as it targets project sanction by the end of June.NextDecade has delayed a few times already a final investment decision on the 27 million tonnes per annum Rio Grande LNG project - lastly pushing back its expectations from the end of the first quarter to the end of the second quarter 2023.
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