NextDecade Announces LNG Deal With TotalEnergies

, MT Newswires -  8:48 AM ET 4/14/2025 Company News

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08:48 AM EDT, 04/14/2025 (MT Newswires) -- NextDecade ( NEXT ) said Monday that TotalEnergies (TTE) has exercised its liquefied natural gas purchase option regarding Train 4 of the Rio Grande LNG facility near Brownsville, Texas.

Under a sales and purchase agreement signed by subsidiaries of both companies, TotalEnergies Gas & Power North America will purchase 1.5 million metric tons per annum of LNG for 20 years on a free-on-board basis at a price indexed to Henry Hub, NextDecade ( NEXT ) said. The agreement is subject to a final investment decision on Train 4.

NextDecade ( NEXT ) said it has contracted a total of 4.6 million metric tons per annum of LNG from Train 4 on a long-term basis.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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