NextDecade Corp., Houston, executed a 15-year contract with ENGIE SA to supply liquefied natural gas (LNG) from its 27-million tonne/year (tpy) Rio Grande LNG liquefaction plant in Brownsville, Tex.
Under the agreement, ENGIE will purchase 1.75 million tpy of LNG on a free-on-board basis from NextDecade’s first two trains of Rio Grande LNG.
Assuming further sales agreements and financing, NextDecade anticipates making a positive final investment decision (FID) on at least two Rio Grande trains (Phase 1, 11 million tpy) in second-half 2022, with FIDs of its remaining three trains to follow. The first train would start commercial operations as early as 2026.
NextDecade also has agreements in place with Shell PLC, Guangdong Energy Group Natural Gas, and ENN LNG (Singapore) Pte. Ltd. (OGJ Online, Jan. 4, 2022; Apr. 7, 2022).
Rio Grande LNG is expected to capture and store more than 5 million tpy of carbon dioxide (CCS) at full capacity.
