NextDecade Corporation has taken a key step in the energy sector with the signing of a long-term liquefied natural gas (LNG) purchase agreement with Aramco , one of the world’s largest oil companies. This agreement provides for the sale of 1.2 million tonnes per annum (MTPA) of LNG from Train 4 of the Rio Grande LNG plant in Brownsville, Texas.
LNG deal boosts Rio Grande project
The 20-year contract is contingent on a positive Final Investment Decision (FID) for Train 4, once the commercial agreements and financing necessary to complete the infrastructure are secured. This achievement reinforces NextDecade’s commitment to sustainable and efficient LNG production , while consolidating Aramco as a key customer for the plant.
Matt Schatzman, President and CEO, expressed his satisfaction in ensuring that the Rio Grande LNG plant continues to attract top-tier customers, underscoring the project’s quality and potential. The plant, which has a projected capacity of up to 48 MTPA , is part of a series of projects that position the developer as a major player in the global liquefied natural gas market.
This agreement reflects growing global demand for LNG, especially in markets seeking to reduce their carbon footprint through cleaner energy sources . It also underscores the importance of Texas as a strategic hub for LNG exports, particularly in the context of the global energy transition toward more sustainable sources.
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Source: NextDecade
Photo: Shutterstock
