NextDecade and ENGIE sign an LNG SPA

May 2, 2022

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NextDecade and ENGIE signed a 15-year SPA for the supply of 1.75 MTPA of LNG on an FOB basis from the first two trains of the NextDecade’s Rio Grande LNG export project. FID on a minimum of two trains is targeted for the second half of 2022. The first train is expected to start commercial operations in 2026.  NextDecade aims to reduce CO2 emissions from the project by more than 90% via CCS and the use of net-zero electricity on the site.

Edited from NextDecade Press Release