Shell signs 20-year LNG SPA with NextDecade
April 1, 2019
NextDecade Corporation signed a 20-year SPA with Shell for the supply of LNG. NextDecade will deliver 2 MTPA of LNG volumes from its Rio Grande LNG export project in Brownsville, Texas. Shell will purchase LNG on a FOB basis starting from the commercial operation date of Rio Grande LNG, currently expected in 2023, with approximately three-quarters of the purchased LNG volumes indexed to Brent and the remaining volumes indexed to domestic United States gas indices, including Henry Hub. The SPA is the first-ever long-term contract with LNG produced out of the United States to be indexed to Brent and comes with full destination flexibility.
Edited from NextDecade press release.
